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Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2012. Selected account balances are available for the year ended December

Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2012. Selected account balances are available for the year ended December 31, 2013, and are stated in Euro, the local currency.

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Compute the U.S. financial statement amount for following items assuming A) the functional currency is the Euro and, B) the functional currency is the U.S. dollar:

1)Sales

2)Equipment

3)Dividends 2013

4)Accumulated Depreciation

5)Depreciation Expense for 2013

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