Question: A foreign subsidiarys functional currency is its local currency, which has not experienced significant inflation. The weighted-average exchange rate for the current year would be

A foreign subsidiary’s functional currency is its local currency, which has not experienced significant inflation.

The weighted-average exchange rate for the current year would be the appropriate exchange rate for translating Sales to customers Wages expense

a. No No

b. Yes Yes

c. No Yes

d. Yes No

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