IMC Corporation operates throughout North America and recently expanded operations, opening a small subsidiary in London, England.
Fantastic news! We've Found the answer you've been seeking!
Question:
IMC Corporation operates throughout North America and recently expanded operations, opening a small subsidiary in London, England.
In your post, address the following question:
Why is foreign currency translation important to IMC Corporation and other financial statement users? Provide examples.
Expert Answer:
Answer In general Foreign currency translation is used to convert the results of a parent companys foreign subsidiaries to its reporting currency This is a key part of the financial statement consolid... View the full answer
Related Book For 
Posted Date:
