Under FASB ASC 830, Foreign Currency Matters, What Group Is

question 38

Multiple Choice

Under FASB ASC 830, Foreign Currency Matters, what group is responsible for determining the functional currency of a foreign subsidiary for many cases?

• A) Financial Accounting Standards Board
• B) International Accounting Standards Board
• C) Securities and Exchange Commission
• D) Parent company management

---

Definitions:

Rooting

A term used to describe accessing or having an operating system on a mobile device in such a way that the user has an increased level of privilege on the device. It is often associated with attaining privileged control on Android devices. Compare with jailbreaking iOS-based devices such as iPhones.

Spear Phishing

A highly targeted form of phishing where the attacker focuses on a specific individual or organization to deceive recipients into revealing confidential information.

Network Location Profile

A Windows feature that allows users to configure different network settings based on the network they are connected to, such as Home, Work, or Public.

Bluetooth

A wireless technology standard for exchanging data over short distances using short-wavelength radio waves.