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Author Question: FASB Standard No. 52 mandates that U.S.-based companies must translate their ... (Read 55 times)

Collmarie

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on: Jul 11, 2018
FASB Standard No. 52 mandates that U.S.-based companies must translate their foreign-currency-denominated assets and liabilities into dollars using the ________.
 
  A) historical rate
  B) current rate
  C) average rate
  D) rate prescribed by the SEC

Question 2

Generally, an increase in risk will result in ________.
 
  A) a lower required return or interest rate
  B) a higher required return or interest rate
  C) a higher return on investment
  D) a lower return on investment


matt95

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

B


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