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The monetary unit assumption has led to an increase in the notes to financial statements.
Parent Company
is a corporation that owns enough voting stock in another firm to control its board of directors and therefore its operational and financial policies.
Forward Rate
The agreed-upon exchange rate for a currency pair to be traded at a future date, used in forward contracts.
Exchange Rate
The cost of converting one currency into another, establishing the equivalent worth of one currency in relation to another.
Spot Rate
The immediate market price for a particular asset allowing for its instant purchase or sale.
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