amandaaugust87 amandaaugust87

23-05-2023
Business

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A U.S. firm has total assets valued at €736,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate was €.9434/$. Today, the exchange rate is €.8945/$. By what amount did these assets change in value on the firm's U.S. financial statements?

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