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foreign currency translation

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Foreign currency translation
The process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements.

foreign currency translation

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Foreign currency translation comparisons increased current quarter sales by $222,000 compared to the second quarter of last fiscal year.
The Company's management uses changes in net sales excluding the effects of foreign currency translation to measure the performance of the Company's operations.
In the quarter, foreign currency translation did not materially affect the Company's sales growth rate.
 
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