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Ventaz Corp. purchased assets for its overseas branch for $15,000 The rate of conversion at the time of purchase of asset was $1.40 / Euro.
Ventaz Corp. purchased assets for its overseas branch for $15,000 The rate of conversion at the time of purchase of asset was $1.40 / Euro. If the company evaluates a project's ROI based on its initial costs and its operating income and does that in the foreign currency, what value of assets in Euros to be used to calculate the RON the rate current conversion rate is $1.517 Euro and the average rate being $1.41 / Euro? O A. 10,646 Euros OB. 21.000 Euros O C. 10,714 Euros OD. 9.914 Euros
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