Task:
Research a U.S.-based multinational corporation (be sure to review its financial statements) which is Northrop-Grumman.
Response to the following:
1. Briefly describe the corporation you researched (1 to 2 paragraphs).
2. Discuss the direct impact of current, historical, and average exchange rates in the context of foreign currency translation on the corporation you selected.
3. Determine whether the corporation you researched should use foreign currently translation as a restatement process, a remeasurement process, or both, and explain why.
4. Analyze the financial statements of the company you selected to determine which earnings numbers provide the best metric for an investment analyst. Explain your rationale.
5. Evaluate how the company you researched addresses accounting for foreign inflation. If you agree with its approach, explain why - if you disagree, recommend a better approach.
6. Include three (3) external peer-reviewed sources to support your position.