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By what amount did these assets change

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Question - A U.S. firm has total assets valued at £318,000 located in London. This valuation did not change from last year. Last year, the exchange rate was £61 : $1. Today, the exchange rate is £63 : $1. By what amount did these assets change in value on the firm U. S. financial statements?

Reference no: EM133071019

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