ACCT 302 Question

Instructions – PLEASE READ THEM CAREFULLY
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This assignment is an individual assignment.
The Assignment must be submitted only in WORD format via the allocated
folder.
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Assignments submitted through email will not be accepted.
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Students are advised to make their work clear and well presented; marks may
be reduced for poor presentation. This includes filling in your information on
the cover page.
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Students must mention question numbers clearly in their answers.
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Late submission will NOT be accepted.
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Avoid plagiarism, the work should be in your own words, copying from
students or other resources without proper referencing will result in ZERO
marks. No exceptions.
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All answered must be typed using Times New Roman (size 12, doublespaced) font. No pictures containing text will be accepted and will be
considered plagiarism).
Question:
Q2. Explain the differences between translation and remeasurement of financial
statements of a foreign subsidiary.
Answer: