Under FASB ASC 830, Foreign Currency Matters, What Group Is

question 38

Multiple Choice

Under FASB ASC 830, Foreign Currency Matters, what group is responsible for determining the functional currency of a foreign subsidiary for many cases?

• A) Financial Accounting Standards Board
• B) International Accounting Standards Board
• C) Securities and Exchange Commission
• D) Parent company management

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Definitions:

Interact

To act in such a way as to have an effect on another; in statistical terms, it often refers to variables that affect each other’s outcomes.

Two-way ANOVA

An analytical method used to evaluate how two categorical variables influence a continuous dependent variable.

Treatments

A specific procedure or regimen administered to participants in a scientific study to assess its efficacy or impact.

Randomized Block Design

A statistical experimental design that groups subjects into blocks to account for variability among them and randomly assigns treatments within each block.