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In translating a foreign subsidiary's financial statements, which exchange rate does the current method require for the subsidiary's assets and liabilities? A.the exchange rate in
- In translating a foreign subsidiary's financial statements, which exchange rate does the current method require for the subsidiary's assets and liabilities?
- A.the exchange rate in effect when each asset or liability was acquired.
- B.the average exchange rate for the current year.
- C.a calculated exchange rate based on market value.
- D.the exchange rate in effect as of the balance sheet date.
- E.the exchange rate in effect at the start of the current year.
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