Question
In terms of translation (accounting) exposure, assets or liabilities are exposed if their value drops if the functional currency of an affiliate depreciates against the
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In terms of translation (accounting) exposure, assets or liabilities are "exposed" if their value drops if the functional currency of an affiliate depreciates against the dollar. Exposed assets minus exposed liabilities equals:
Net Exposed Assets.
Capital Surplus
Forward asset deficit
Consolidated Asset Margin
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
