Which of the Following Primary Principles of U

question 54

Multiple Choice

Which of the following primary principles of U.S.translation procedures in NOT true?

• A) If the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars, translation is not required.
• B) If the financial statements of the foreign subsidiary are maintained in the local currency and the local currency is the functional currency, they are translated by the temporal method.
• C) If the financial statements of the foreign subsidiary are maintained in the local currency and the U.S. dollar is the functional currency, they are remeasured by the temporal method.
• D) All of the above are true.

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Definitions:

Olives

Small, oval fruits rich in oil, commonly used in cooking and as garnishes, and known for their health benefits.

Pyramids

Structures located in the medulla oblongata of the brain involved in transmitting motor information.

Brainstem

The structure in the lower part of the brain that connects the cerebrum with the spinal cord, playing a vital role in controlling autonomic functions.

Cranial Nerves

Twelve pairs of nerves that emerge directly from the brain, not through the spinal cord, and affect areas such as the head and neck.