Multiple Choice
_____ Information for 2006 pertaining to a foreign subsidiary's statement of cash flows is as follows: What is the effect of the change in the exchange rate on cash for 2006?
A) $14,000 favorable.
B) $(2,000) unfavorable.
C) $6,000 favorable.
D) $(6,000) unfavorable.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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