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Business, 05.05.2020 18:09 RealSavage4Life

FASB No. 52 is a statement issued by the Financial Accounting Standards Board requiring American MNCs to first convert the financial statement accounts of foreign subsidiaries into the country's functional currency and then translate the accounts into the parent firm's currency using the method.

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FASB No. 52 is a statement issued by the Financial Accounting Standards Board requiring American MNC...

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