Which of the following statements is correct?
a. Capital stock of a foreign subsidiary is translated at the historical rate, that is, the rate prevailing on the date the subsidiary was acquired.
b. Dividends are translated at the average exchange rate for the year.
c. Retained earnings are translated at the average exchange rate for the year.
d. Assets and liabilities are translated at the historical rate prevailing when the subsidiary was acquired.
A
You might also like to view...
A used machine with a purchase price of $77,000, requiring an overhaul costing $8,000, installation costs of $5,000,and special acquisition fees of $3,000, would have a cost basis of
a. $82,000 b. $90,000 c. $85,000 d. $93,000
Which of the following strategies would a company most likely use to increase customer satisfaction?
A) decreasing the variety of offered services B) divesting C) lowering prices D) "firing" unprofitable customers E) limiting customer experiences with a brand
The Constitution expressly excludes state regulation of commerce.
Answer the following statement true (T) or false (F)
Firestone is a manufacturer and marketer of tires for new passenger cars. In recent years, the company's business has declined because of the overall decrease in consumer demand for new cars. In this case, the demand for Firestone's tire products is said to be ____ since it depends on the demand for new cars.
A. inelastic B. fluctuating C. derived D. elastic E. nonderived