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.

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Definitions:

Local Government

The administration governing a specific local area such as a city, town, or county, responsible for providing local services and infrastructure and may have its own tax collection policies.

Behavioral Leadership

A leadership style that focuses on understanding and managing the actions and interactions of team members to effectively lead an organization.

Situational Leadership

A leadership theory proposing that the most effective leadership style varies from situation to situation, depending on factors like the task complexity and the maturity of the followers.

Path-Goal Leadership

A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.