Question
A U.S. firm has total assets valued at 764,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate
A U.S. firm has total assets valued at 764,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate was .9446/$. Today, the exchange rate is .8961/$. By what amount did these assets change in value on the firm's U.S. financial statements?
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
