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Sphinxa [80]
2 years ago
13

If the European subsidiary of a U.S. firm has net exposed assets of 750,000 Euros, and the euro drops in value from $1.30/euro t

o $1.20/ Euro the U.S. firm has a translation:__________
a. gain of $75,000
b. loss of $75,000
c. gain of $65,000
d. loss of 546,923
Business
1 answer:
Natalija [7]2 years ago
6 0
The correct answer is:

b. loss of $75,000
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