If the restatement method for a foreign subsidiary involves remeasuring from the recording currency into the functional currency, then translating from functional currency to U.S. dollars, the functional currency of the subsidiary is:I. the U.S. dollar. II. the recording currency unit. III. a third country's currency.
A. III
B. Either I or II
C. II
D. I
Answer: A
You might also like to view...
Jay Vato works at Batwing Industries from midnight until 8:00 AM. His normal wage rate is $17 per hour, while Ben Phillips, who does the same job from 8:00 AM until 4:00 PM makes $15 per hour. Since Ben and Jay have the same seniority within the plant, the difference in pay is due to a(n):
a. overtime premium. b. production bonus c. make-up guarantee. d. shift premium.
Strategic planning ______.
a. is the process of setting short-range objectives and determining in advance how they will be accomplished b. is a plan for pursuing a mission and achieving objectives c. describes the company’s competitive advantage in the global village d. is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished
Effective _____________________ is one indication that a document has been carefully designed and well edited
a. repetition b. sales c. distribution d. concentration
Before public relations practitioners can earn the respect of management and become trusted advisors, they must be ________
A) adept at accounting B) the best communicator in the organization C) competent at one of the following: writing, speaking, listening, promoting or counseling D) able to convert personal thoughts into words