Translation Exposure Crop a question Go Consolidation of financial statement of subsidiaries where...
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Translation Exposure Crop a question Go Consolidation of financial statement of subsidiaries where reported accounting number is dominated in a foreign currency. Example: British comp has a subsidiary in France. The asset of the British comp is 4 mil. Share 3m, loan 3.5m The asset of the French is 4.032. The exchange rate at the beg of the year 0.62/. The ER at the end of the year 0.5/ 98 Translation Exposure Crop a question Go Consolidation of financial statement of subsidiaries where reported accounting number is dominated in a foreign currency. Example: British comp has a subsidiary in France. The asset of the British comp is 4 mil. Share 3m, loan 3.5m The asset of the French is 4.032. The exchange rate at the beg of the year 0.62/. The ER at the end of the year 0.5/ 98
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