The U.S. dollar has been steadily weakening with respect to the Hong Kong dollar. A U.S. parent has a Hong Kong subsidiary. The subsidiary uses FIFO. Which statement is most likely to be true concerning the subsidiary's gross margin percentage, calculated as [(Sales revenue - Cost of goods sold)/Sales revenue]?
(Use T to represent translated leverage, R to represent remeasured leverage, and L to represent leverage calculated using local currency balances.)

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The Answer of The U.S. dollar has been steadily weakening with respect to the Hong Kong dollar. A U.S. parent has a Hong Kong subsidiary. The subsidiary uses FIFO. Which statement is most likely to be true concerning the subsidiary's gross margin percentage, calculated as [(Sales revenue - Cost of goods sold)/Sales revenue]?
(Use T to represent translated leverage, R to represent remeasured leverage, and L to represent leverage calculated using local currency balances.)

The US Dollar Has Been Steadily Weakening with Respect to the the Hong