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Describe the reformulated path-goal theory.What are the three important takeaways from this theory?
Retained Earnings
The portion of a company's profit that is kept or retained rather than distributed to shareholders or reinvested in the company.
Historical Rate
The exchange rate between two currencies at a past date, often used for comparative financial analysis or reporting purposes.
Temporal Method
An accounting method used to convert the financial statements of a foreign subsidiary to the parent company's currency, using exchange rates that change over time.
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