With Regard to Foreign Currency Translation Methods Used by Foreign

question 18

Multiple Choice

With regard to foreign currency translation methods used by foreign MNCs,

• A)foreign currency translation methods are generally only used by U.S.based MNCs since foreign firms have a built-in hedge by being foreign.
• B)are generally the same methods used by U.S.-based firms.
• C)are exactly the same methods used by U.S.-based firms since GAAP is GAAP.
• D)none of the options

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