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Essco Ltd,a Foreign Subsidiary of Peako Corp

question 22

Multiple Choice

Essco Ltd,a foreign subsidiary of Peako Corp.,has written down its inventory to current market value under a "lower of cost or market" rule. When consolidating Essco's balance sheet into Peako's balance sheet,what exchange rate should be used for the inventory under the temporal method?

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Definitions:

Persuasive Message

Communication intended to influence or convince others to accept a certain viewpoint or take action.

Subjunctive Verbs

Verbs used to express wishes, hypotheses, or conditions contrary to fact.

Credibility

The quality of being trusted and believed in, often based on the perceived reliability and expertise of the source.

Appropriate Language

Use of words and phrases that are considered suitable for the context and audience, avoiding offensive or slang terms.

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