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_____ Pavax Has Intercompany Sales to Its Foreign Subsidiary and Uses

Question 16

Multiple Choice

_____ Pavax has intercompany sales to its foreign subsidiary and uses the foreign currency unit of measure approach. Pavax should calculate the amount of any unrealized intercompany profit using the


A) Current exchange rate.
B) Average exchange rate.
C) Historical exchange rate.
D) Nominal exchange rate.
E) None of the above.

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