Which One of the Following Statements Would Justify This Conclusion

question 52

Multiple Choice

Which one of the following statements would justify this conclusion?

• A) Most of the subsidiary's sales and purchases were with companies in the U.S.
• B) Dilty's functional currency is the dollar and Dilty is the parent.
• C) Dilty's other subsidiaries all had the dollar as their functional currency.
• D) Generally accepted accounting principles require that the subsidiary's functional currency must be the dollar if consolidated financial statements are to be prepared.
• E) Dilty is located in the U.S.

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Definitions:

Reticular Activating System

A network of neurons located in the brainstem that plays a crucial role in controlling arousal and alertness.

Biological Explanations

Justifications of behavior or phenomena based on biological factors, such as genetics, brain structures, or biochemical imbalances.

Introvert

A person predominantly concerned with their own thoughts and feelings rather than with external things.

Extrovert

An individual who is outgoing, sociable, and thrives in social situations, often feeling energized by interactions with others.