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Dyno RNA Corp. is a US pharmaceutical company with a wholly owned subsidiary operating in France. In 2019, the US dollar strengthened relative to the

Dyno RNA Corp. is a US pharmaceutical company with a wholly owned subsidiary operating in France. In 2019, the US dollar strengthened relative to the Euro (e.g. the exchange rate moved from 1 USD = $0.92 Euro up to 1 USD = $0.95 Euro). Assume the French subsidiary is profitable. Which of the following is true:

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The consolidated net income (in USD) would increase and the value of the assets (in USD) would increase due to foreign currency translation.

The consolidated net income (in USD) would decrease and the value of the assets (in USD) would increase due to foreign currency translation.

The consolidated net income (in USD) would increase and the value of the assets (in USD) would decrease due to foreign currency translation.

The consolidated net income (in USD) would decrease and the value of the assets (in USD) would decrease due to foreign currency translation.

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