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EDGEWATER EXPLORATION LTD. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Expressed in Canadian Dollars Unaudited) SEPTEMBER 30, 2012, NOTE TO READER The accompanying unaudited condensed consolidated
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Canadian dollars are the official currency of Canada and are used to express monetary values in the country.
Any individual or business operating in Canada and earning income in Canadian dollars is required to file their taxes in Canadian dollars.
To fill out tax forms in Canadian dollars, one must convert any foreign currency earnings into Canadian dollars based on the current exchange rate.
Expressing amounts in Canadian dollars allows for uniformity and consistency in financial reporting within the country.
All income, expenses, assets, and liabilities must be reported in Canadian dollars when filing taxes.
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