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    Financial Accounting Study Set 10
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    Exam 8: Long-Term Investments the Time Value of Money
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    When a US Company Owns a Foreign Company, a Foreign-Currency Translation Adjustment
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When a US Company Owns a Foreign Company, a Foreign-Currency Translation Adjustment

Question 16

Question 16

True/False

When a U.S. Company owns a foreign company, a foreign-currency translation adjustment is made before consolidation entries are prepared.

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