Multinational US Companies Usually Have a Number of Foreign Subsidiaries

question 89

Multiple Choice

Multinational US companies usually have a number of foreign subsidiaries with financial statements expressed in foreign currency. When the consolidated financial statements are prepared, to combine the financial statements of the US parent and all of its subsidiaries, the consolidation process involves multiple steps. Which of the following statements about the combining process and the resultant consolidated financial statements is always true for multinational US companies?

• A)The foreign subsidiaries are separated into three categories, each of which receives different treatment.
• B)The foreign entity's financial statements are converted into dollars.
• C)Foreign currency translation adjustments have no effect on cash flows.
• D)The foreign currency translation adjustments are included in consolidated income.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Incubation

Unconscious processing that works on a specific problem while the mind is otherwise occupied.

Contrary Recognition

The ability to identify and acknowledge ideas or facts that oppose personal beliefs or expectations.

Inference Rules

Set guidelines or principles used to deduce new information or conclusions from known facts or premises.

Mental Graph

Mental Graph is a conceptual representation of information in the form of a graph structure in one's mind, used to illustrate relationships between concepts or data.