Research a U.S.-based multinational corporation (be sure to review its financial statements).
Write at six to eight (6-8) page paper in which you:
- Briefly describe the corporation you researched.
- Discuss the direct impact of current, historical, and average exchange rates in the context of foreign currency translation on the corporation you selected.
- Determine whether the corporation you researched should use foreign currently translation as a restatement process, a remeasurement process, or both, and explain why.
- 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.
- 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.
- Include three (3) external peer-reviewed sources to support your position.