Katie analyzes the dollar$-$based consolidated financial statements of a company that owns a foreign subsidiary. Katie observes that the foreign subsidiary$$s sales increased by $24\%$ compared to last year. Katie should be aware that the results: Multiple Choice

are verifiable using the foreign currency rate in effect at the end of the year.

may differ if she bases the calculation on the foreign currency.

will be same if she recalculates the sales trend using the consolidated revenue.

will be lower if the currency rate increased during the reporting period.