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I choose BMW for the company. Choose a U . S . - based company which has subsidiaries in foreign countries. Access the company's most

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I choose BMW for the company.
Choose a U.S.-based company which has subsidiaries in foreign countries. Access the
company's most recent Form 10-K.
Instructions:
Prepare a report based on the following requirements:
Do the company's foreign operations have a predominant functional currency?
Based on the three most recent comprehensive income statements, what is the
amount of re-measurement gain or loss reported in each year if there are any?
Based on the three most recent comprehensive income statements, what is the
amount of translation adjustment reported in each year if there are any? What is
the meaning of the negative or positive sign of the translation adjustment in each
year?
Does the company hedge net investments in foreign operations? If yes, describe
the type(s) of hedging method(s) used.
Provide your observations/ recommendations regarding the type(s) of hedging
method(s) the company has used or should have used. Provide your justification for
your opinions/ recommendations.
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