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indicators pointing towards the reporting entity's as the functional currency include that which of the following? 1) production costs and operating expenses are determined primarily

indicators pointing towards the reporting entity's as the functional currency include that which of the following?

1) production costs and operating expenses are determined primarily by local conditions

2) sales are mostly in the county of the reporting entity

3) there are active local markets, although there may be significant amounts of exports

4) prices are not primarily responsive in the short term to exchange rate changes

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