When Consolidating Foreign Subsidiaries,the Foreign Subsidiary's Financial Numbers Must Be

question 104

Multiple Choice

When consolidating foreign subsidiaries,the foreign subsidiary's financial numbers must be translated into the parents' currency unit.Under U.S.GAAP if the foreign subsidiary is a self-contained unit the

• A)current rate method is used.
• B)temporal method is used.
• C)present value method is used.
• D)historical cost method is useD.