A foreign subsidiary’s functional currency is its local currency, which has not experienced significant inflation. The weighted-average exchange rate for the current year would be the appropriate exchange rate for translating
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|
Sales to customers |
Wages expense |
|
|
a. |
No |
No |
|
b. |
Yes |
Yes |
|
c. |
No |
Yes |
|
d. |
Yes |
No |