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Foreign Subsidiary's Financial Statements
Accounting records that reflect the financial performance and position of a company's subsidiary located in another country.
Revenues And Expenses
The income earned from normal business operations and the costs incurred to generate that income, respectively, within a specific period.
Translated Value
The value of a foreign asset, liability, or transaction expressed in the currency of another country after conversion using the appropriate exchange rate.
Functional Currency
The main form of money in the principal economic setting where a business functions and produces cash flows.
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