Which of the Following Primary Principles of U

question 54

Multiple Choice

Which of the following primary principles of U.S.translation procedures in NOT true?

• A) If the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars, translation is not required.
• B) If the financial statements of the foreign subsidiary are maintained in the local currency and the local currency is the functional currency, they are translated by the temporal method.
• C) If the financial statements of the foreign subsidiary are maintained in the local currency and the U.S. dollar is the functional currency, they are remeasured by the temporal method.
• D) All of the above are true.

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Definitions:

Closed-Ended

Referring to questions or questionnaires that provide specific responses options, limiting participants' answers to those options.

Significant Social Problem

A societal issue that is pervasive, persistent, and causes harm to individuals or communities, requiring intervention.

Interviewer Bias

The effect that the presence or action of an interviewer may have on the response of the interviewee, potentially skewing results.

Carryover Effect

In research, the persistence of an effect observed in one condition into another condition or time period.