Question
If the British subsidiary of a European firm has net exposed assets of 250,000, and the pound increases in value from 1.30/ to 1.35/, the
If the British subsidiary of a European firm has net exposed assets of 250,000, and the pound increases in value from 1.30/ to 1.35/, the European firm has a translation loss or gain [if loss use negative sign (-)] of:
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
