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Compte, Incorporated (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2023. The following account balances for the year ending December 31, 2024,
Compte, Incorporated (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2023. The following account balances for the year ending December 31, 2024, are stated in kuna (K), the local currency: The following U.S. dollar per kuna exchange rates are applicable: Compte is preparing account balances to produce consolidated financial statements. Requlred: 0. Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements? Note: For all requlrements, round your onswers to 2 declmal ploces
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