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    Exam 10: Translation of Foreign Currency Financial Statements
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    The Financial Statements for Perez Are Translated by Its U
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The Financial Statements for Perez Are Translated by Its U

Question 92

Question 92

Multiple Choice

The financial statements for Perez are translated by its U.S.parent.What amount of gain or loss would be reported in its translated income statement?


A) $1,530.
B) $1,575.
C) $1,590.
D) $1,090.
E) $1,650.

Correct Answer:

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