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Foreign Subsidiary
A company owned or controlled by another company (parent) located in a different country, conducting business operations in the subsidiary's local market.
Functional Currency
This represents the primary currency of the economic environment in which a business operates, determining the currency in which its financial statements are presented.
Ending Inventory
The total value of all the goods available for sale at the end of an accounting period, calculated before the start of the next period.
Exchange Rates
The valuation at which one nation's currency can be swapped for another's, pivotal in global finance and affecting import-export pricing.
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