Simon Company has two foreign subsidiaries. One is located in France, the other in England. Simon has determined the U.S. dollar is the functional currency for the French subsidiary, while the British pound is the functional currency for the English subsidiary. Both subsidiaries maintain their books and records in their respective local currencies. What methods will Simon use to convert each of the subsidiary's financial statements into U.S. dollars? 
Definitions:
Biological Parents
The individuals from whom one inherits their genetic material; also known as birth parents.
Fraternal Twins
Siblings born at the same time as a result of two different eggs fertilized by two different sperm, sharing 50% of their genes, similar to ordinary siblings.
Identical Twins
Twins that originate from a single fertilized egg that splits and develops into two genetically identical individuals.
Cannon-Bard Theory
A theory of emotion that proposes emotions and bodily responses occur simultaneously rather than one causing the other.
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