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| Jameson must also determine how the fluctuation in the yen vs. the dollar has affected Kasamatsu's earnings in the reporting currency. Which of the following best describes the effect of changes in the yen/dollar rate has had on earnings in the reporting currency? Earnings have: A. increased because the yen is depreciating versus the USD. B. increased because the yen is appreciating versus the USD. C. decreased because the yen is depreciating versus the USD. |