AC420 Advanced Accounting Case Part 3 The Board of Directors of Art Innovations, Inc., has voted to move forward on an acquisition of an art gallery in Paris, France. This move will allow them to break into the lucrative French art market in the shortest amount of time. They have identified two existing galleries that they are interested in evaluating. The financial statements for the 2012 year for each gallery are presented below in Euros. Relevant Exchange Rates for the Euro (in U.S. dollars) are as follows: January 1, 2012 December 31, 2012 Weighted Average, 2012
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Question answered on Jul 22, 2018
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