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Where profits generated by foreign operation are retained

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Reference no: EM132616331

Problem 1: Where profits generated by the foreign operation are retained in the foreign entity and use for its expansion:

Option a. The foreign operation's currency is likely to be the functional currency

Option b. The reporting entity's currency is likely to be the presentation currency

Option c. The reporting entity's currency is likely to be the functional currency

Option d. The foreign operation's currency is likely to be the presentation currency

Reference no: EM132616331

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