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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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