If Your Company Opens and Operates a Branch in a Foreign

question 158

True/False

If your company opens and operates a branch in a foreign country, your company engages in foreign direct investment.

---

Definitions:

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific parent account, facilitating more detailed financial tracking and analysis.

General Ledger

A complete record of all financial transactions over the life of a company, organized by accounts.

Detail

A specific or minor part of a larger matter; often refers to particular information or features.

Accounting System

A systematic process of recording, summarizing, and reporting financial transactions of a business to ensure accurate financial statements.