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A U.S. parent has a subsidiary located in Hong Kong. In which situation will the...

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Accounting

A U.S. parent has a subsidiary located in Hong Kong. In which situation will the U.S. parent remeasure the financial statements of the subsidiary from Hong Kong dollars to U.S. dollars? (Points : 1) The level of inflation in Hong Kong is extremely high. The subsidiary borrows money from Hong Kong banks. The subsidiary's customers are mostly located in Hong Kong. The subsidiary buys most of its merchandise from Hong Kong suppliers.

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