4. Consider a period in which the U.S dollar weakens against the euro How will affect the reported earnings?

4. Consider a period in which the U.S dollar weakens against the euro. How will this affect the reported earnings of a US-based multi-national corporation with European subsidiaries? (b) Consider a period in which the US dollar strengthens against most foreign currencies. How will this affect the reported earnings of a US-based Multi-national corporation with subsidiaries all over the world?