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The shareholders equity of an Omani subsidiary of a Canadian MNC IS OMR 50,000. The spot exchange rate and historical exchange rate of the currency
The shareholders equity of an Omani subsidiary of a Canadian MNC IS OMR 50,000. The spot exchange rate and historical exchange rate of the currency pair CAD/OMR are CAD 3.3241/OMR and CAD 3.3315/OMR respectively. Determine the shareholders equity in reporting currency using current rate method of translation a. CAD 15,008 b. CAD 166,575 C. CAD 166,205 d. CAD 15,041
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Strategic Cost Analysis
Authors: Roger Hussey
1st Edition
160649239X, 9781606492390
