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Recalculate ganado europe translated balance sheet

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Using facts in the chapter for Ganado Europe, assume the exchange rate on January 2, 2006, in Exhibit 11.6 dropped in value from $1.2000/€ to $1.52/€ rather than to $1.0000/€. Recalculate Ganado Europe's translated balance sheet for January 2, 2006 with the new exchange rate using the temporal rate method.

Reference no: EM133119743

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