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Describe and analyzethe fundamental differences between remeasurement and the translation approach when preparing a foreign currency financial statement for a company of your choice?Provide support

Describe and analyzethe fundamental differences between remeasurement and the translation approach when preparing a foreign currency financial statement for a company of your choice?Provide support for your position.

Determine how the balance sheet exposure differs under the two (2) aforementioned methods. Select the method that you believe provides the least balance sheet exposure. Provide a rationale for your selection.

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