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  2. Topic
    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 16: Translating Foreign Currency Statements: The Temporal Method and the Functional Currency Concept
  5. Question
    A Factor Pointing Toward the Use of the Foreign Currency
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A Factor Pointing Toward the Use of the Foreign Currency

Question 7

Question 7

True/False

A factor pointing toward the use of the foreign currency as the functional currency is the foreign unit selling its products locally rather than in the United States.

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