Dilty Corp

question 24

Multiple Choice

Dilty Corp. owned a subsidiary in France. Dilty concluded that the subsidiary's functional currency was the U.S. dollar.Which one of the following statements would justify this conclusion?

• A) Most of the subsidiary's sales and purchases were with companies in the U.S.
• B) Dilty's functional currency is the dollar and Dilty is the parent.
• C) Dilty's other subsidiaries all had the dollar as their functional currency.
• D) Generally accepted accounting principles require that the subsidiary's functional currency must be the dollar if consolidated financial statements are to be prepared.
• E) Dilty is located in the U.S.

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Definitions:

Cognitive-behavioral Therapy

A short-term, goal-oriented psychotherapy treatment that takes a hands-on, practical approach to problem-solving, focusing on challenging and changing unhelpful cognitive distortions and behaviors.

Psychotropic Medication

Medicines used to affect the mind, emotions, and behaviors by altering brain chemistry, commonly used to treat mental health disorders.

Electroconvulsive Therapy

A mental health therapy that involves triggering seizures in patients through electrical means to alleviate symptoms of psychiatric conditions.

Regular Aerobic Exercise

Consistent physical activity that relies on the aerobic energy-generating process, typically characterized by moderate intensity, rhythmic nature, and prolonged duration, beneficial for cardiovascular health.