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The two requirements for transaction exposure are: [Mark TWO answers from the list below] The functional currency must be that of the local currency The

The two requirements for transaction exposure are: [Mark TWO answers from the list below]

The functional currency must be that of the local currency

The company must be a multinational corporation

There must be a financial obligation

The involvement of a foreign currency

The company must use FASB #8 for its translation of foreign assets and liabilities

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