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Indicate Which of the Following Exchange Rates Would Be Used

Question 175

Essay

Indicate which of the following exchange rates would be used to translate or remeasure the accounts listed below.
Code
C = Current rate (at balance sheet date)
C-R = Current rate (when recognized in the income statement)
H = Historical rate
A = Average rate (for the year)
R = Reciprocal amount
O = Other (explain this one)
N/A = Not applicable
Indicate which of the following exchange rates would be used to translate or remeasure the accounts listed below. Code C = Current rate (at balance sheet date) C-R = Current rate (when recognized in the income statement) H = Historical rate A = Average rate (for the year) R = Reciprocal amount O = Other (explain this one) N/A = Not applicable

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