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Business, 30.10.2021 14:00 Chen5968

Required: 1) Prepare a schedule translating the 12/31/21 trial balance into the reporting currency of Joey Co. to facilitate the consolidation process. 2) Briefly describe how Joey CO would account for the translation gain or loss on their books under both the Full Equity Method and Initial Value Method.3) With respect to your answer in part 2, what is the implication for preparing the Consolidated Financial Statements

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