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If a U . S . company has operations in Japan during a period when the yen is rising against the dollar, translated earnings would
If a US company has operations in Japan during a period when the yen is rising against the dollar,
translated earnings would be higher than before the strengthening of the exchange rate
the gains or losses would not affect earnings per share and stock prices
translated earnings would be lower than before the strengthening of the exchange rate
there would be no gain or loss on translating the financial statements into dollars
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