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The French Subsidiary of a Canadian Parent Has the Following

Question 14

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The French subsidiary of a Canadian parent has the following balance sheet (in euros): The French subsidiary of a Canadian parent has the following balance sheet (in euros): The euro increases in value from EUR 1.6/C$ to EUR 1.3/C$.Using the current rate method,what happened to the total value of assets? The euro increases in value from EUR 1.6/C$ to EUR 1.3/C$.Using the current rate method,what happened to the total value of assets?

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