On January 2, 2006, Parliament Corporation, a U.S. multinational enterprise, acquired all the outstanding common stock of Sirius Company, which is located in a country whose currency is the locuro (LC). The locuro is the functional currency of Sirius.
For 2006, exchange rates for the locuro were as follows:

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The Answer of On January 2, 2006, Parliament Corporation, a U.S. multinational enterprise, acquired all the outstanding common stock of Sirius Company, which is located in a country whose currency is the locuro (LC). The locuro is the functional currency of Sirius.
For 2006, exchange rates for the locuro were as follows: