LIRA (LIRE) Definition

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LIRA (LIRE) is a currency of Italy.

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FORM 1120 is the income tax return form used by corporations in the U.S.

FUNCTIONAL CURRENCY, generally, is the currency of record for any given entity. Within the context of foreign currency, it is the currency which a foreign subsidiary handles on a day-to-day basis in generating net cash flows. It is normally the currency of the country in which the subsidiary operates, but may be the currency of the parent company.

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