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What is the translation adjustment to be recognized

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Advanced accounting 12 edition. requirement 1: assume the functional currency is not the u. s. dollar but rather the foreign currency, pesos. what is the translation adjustment to be recognized in the current year? where is this amount recognized in the financial statements? show all your work to receive full credit. there is a sample format you may use on page 494 (translation adjustment for 2015) advanced accounting edition 12. requirement 2: how does a company determine its functional currency under u. s. gaap? does this differ from ifrs, and if so, how?

Reference no: EM13504733

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