What difference does it make whether the dollar or the local currency is the functional currency when

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What difference does it make whether the dollar or the local currency is the "functional currency" when it comes to the accounting treatment of currency translations gains or losses?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:57 AM

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What difference does it make whether the dollar or the local currency is the functional currency when

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The functional currency determines the translation process With a local currency a...View the full answer

Fundamentals Of Financial Management

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