According to FASB ASC 830, Foreign Currency Matters, Which of the Following

question 33

Multiple Choice

According to FASB ASC 830, Foreign Currency Matters, which of the following conditions would indicate that a foreign subsidiary's functional currency is the foreign currency?

• A) Sales price not affected by changes in exchange rate in the short-run
• B) High volume of intercompany transactions
• C) Sales in the local market not significant
• D) Most of the subsidiary's financing comes from the parent.

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Definitions:

Bullied

The experience of being repeatedly subjected to aggressive behavior or harassment that intentionally harms or humiliates.

Physical Health

Refers to the well-being of the body and the proper functioning of the organism of individuals.

Personal Hygiene

Practices and habits aimed at maintaining the body's cleanliness and appearance for good health and social reasons.

Illegal Drug Use

The consumption of substances that are prohibited by law, which can include recreational drugs that are not sanctioned for use.