Question: 1. List and Discuss the methods for translating foreign currency financial statements. 2. Treasury Regulations require that companies use one of five specified methods to

1. List and Discuss the methods for translating foreign currency financial statements.

2. Treasury Regulations require that companies use one of five specified methods to determine the arms length price in a sale of tangible property (inventory and fixed assets. List five of those methods. Select the two methods you prefer out of the five methods, discuss those two methods and explain why you prefer each of the two methods you selected over the others.

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