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A US parent firm, as a result of its business activities in Germany, has a net exposure of 1,000,000. The consolidated reports were prepared at
A US parent firm, as a result of its business activities in Germany, has a net exposure of 1,000,000. The consolidated reports were prepared at the year-end for the last two successive years. If the exchange rates on these reporting dates changed from $1.00 = 1.10 to $1.00 = 1.00, then the translation exposure report will indicate a "reporting currency imbalance" of
Select one: a. -100,000. b. $0. c. $90,910. d. -$90,910.
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