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Husker Company has two foreign subsidiaries. One is located in Portugal, the other in Spain. Husker has determined the U . S . dollar is

Husker Company has two foreign subsidiaries. One is located in Portugal, the other in Spain.

Husker has determined the U

.

.

dollar is the functional currency for the Portuguese

subsidiary, while the Euro is the functional currency for the Spanish subsidiary. Both

subsidiaries maintain their books and records in their respective local currencies. What

methods will Husker use to convert each of the subsidiary's financial statements into U

.

.

dollars?

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