The 2016 annual report of Murray Corporation included the following disclosure:
During fiscal 2016, the U.S. dollar strengthened relative to the other principal currencies in which we transact business with the exception of the Japanese yen.
Explain the effect on Murray Corporation's 2016 income statement of the U.S. dollar:
a. weakening vis-à-vis the Japanese yen, and
b. strengthening versus all other currencies.
Assume that Murray Corporation reported a net profit in each of the countries involved.

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The Answer of The 2016 annual report of Murray Corporation included the following disclosure:
During fiscal 2016, the U.S. dollar strengthened relative to the other principal currencies in which we transact business with the exception of the Japanese yen.
Explain the effect on Murray Corporation's 2016 income statement of the U.S. dollar:
a. weakening vis-à-vis the Japanese yen, and
b. strengthening versus all other currencies.
Assume that Murray Corporation reported a net profit in each of the countries involved.

The 2016 Annual Report of Murray Corporation Included the Following