A Foreign Subsidiary's Function Currency Is Its Local Currency That

question 33

Multiple Choice

A foreign subsidiary's function currency is its local currency that has not experienced significant inflation. The average exchange rate for the current year would be the appropriate exchange rate for translating
Wages expense                   Sales to Customers

• A)No      No
• B)No      Yes
• C)Yes      No
• D)Yes      Yes

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Definitions:

Secondary Circular Reactions

Repetitive actions in young infants that serve to reinforce the infant's own actions on the environment, part of Piaget's sensorimotor stage of cognitive development.

Age Range

The span of years that separates the youngest from the oldest members of a population or group.

Outwardly Directed

Referring to actions or behaviors focused on external environments or people rather than oneself.

Tertiary Circular Reactions

Advanced repetitive actions in infants aged 12-18 months, characterized by experimentation and exploration to achieve desired outcomes.