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Accounting Foreign Currency ASSETS = 80 LIABILITIES = 70 OWNERS EQUITY: CASE A = 12 CASE B = 5 For Each case do 1. What

Accounting Foreign Currency

ASSETS = 80

LIABILITIES = 70

OWNERS EQUITY:

CASE A = 12

CASE B = 5

For Each case do

1. What do we fix

2. By how much?

3. Is it a loss or a gain

4. Does the loss or gain affect Net Income or Other Comprehensive Income

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