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An historical exchange rate for common stock of a foreign subsidiary is best described as a. The rate at date of the acquisition business combination.
An historical exchange rate for common stock of a foreign subsidiary is best described as
a. The rate at date of the acquisition business combination. | ||
b. The rate when the common stock was originally issued for the acquisition transaction. | ||
c. The average rate from date of acquisition to the date of the balance sheet. | ||
d. The rate from the prior years balances. | ||
e. The January 1 exchange rate. |
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