Discuss accounting for foreign exchange translation

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Reference no: EM131881533

Question: 1- What effect, if any, does a weakening US Dollar have on reported sales and net income for companies operating outside the United States? Discuss.

2- Describe how the accounting for foreign exchange translation affects reported profits? Please elaborate how did may differ under the two methods we studied.

Reference no: EM131881533

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Discuss accounting for foreign exchange translation : What effect, if any, does a weakening US Dollar have on reported sales and net income for companies operating outside the United States?

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