According to FASB ASC 830,Foreign Currency Matters,which of the Following

question 11

Multiple Choice

According to FASB ASC 830,Foreign Currency Matters,which of the following conditions would indicate that a foreign subsidiary's functional currency is the parent company's currency?

• A)active local sales market
• B)sales price not affected by changes in exchange rate in the short run
• C)high volume of intercompany transactions
• D)All of the above are indicators that the functional currency is the parent company's currency.

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