investco ltd is a canadian real estate and property developer that decided to hold a parcel of land in downtown munich germany for speculative purposes/

Required
1. Prepare the translated 20X5 SCI and SFP at December 31, 20X5, following GAAP and assuming the German subsidiary’s functional currency is the:
a) Canadian dollar.
b) Euro.
2. Which translation method better reflects Investco’s economic exposure to exchange rate movements? Explain.
3. Which translation method would Investco is required to use? Explain