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By what amount did these assets in value on the firm

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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 in value on the firm's U.S. financial statements?

Reference no: EM132804227

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