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Answer each of the following questions and cite appropriate justification for your answer

Accounting

Answer each of the following questions and cite appropriate justification for your answer. (GAAP ASC Codification)

2.         Certain income statement accounts are translated at weighted-average exchange rates. What guidance is provided for the determination of the weighted-average exchange rate?

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the determination of the weighted-average exchange rate:

in general GAAP is terse for normally accepted accounting principles. GAPP is a cluster of accounting principles and mutual activity tradition that be inflicted with been urban over loads of years.Certain income statement accounts are translated at weighted-average exchange rates then this can be evaluate.

According to the issue the returns and expenses of the non at the heart of person are normally restated at common replace tax during the spot of fiscal statement.

as an body acquires a further body which possess a little register as on the day of acquisition followed by the register will be restated at biased normal conversation tax.

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