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In a quarterly earnings report from the recent past, General Motors, IBM, Procter & Gamble, Amazon and Johnson & Johnson were reported to have experienced
In a quarterly earnings report from the recent past, General Motors, IBM, Procter & Gamble, Amazon and Johnson & Johnson were reported to have experienced $1bn-plus haircuts on sales as they translated revenues earned abroad back into US dollar terms due to a surge in the US dollar. This is an example of translation exposure, a category of foreign exchange risk that refers to the impact of currency exchange rate changes on the reported financial statements of a company. true or false
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
