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In viewing how to restate financial statements, there are two major processes. The first is...

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Accounting

In viewing how to restate financial statements, there are two major processes. The first is known as translation and the second is known as remeasurement. You will look at these two processes as you answer the following questions:

What is the translation method and when is it used?

What is the remeasurement process and when is it used?

Which is the most common in todays business practices and which do you prefer?

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