When the Functional Currency of a Foreign Entity Is the U.S.dollar,the

question 9

True/False

When the functional currency of a foreign entity is the U.S.dollar,the foreign entity's accounts are remeasured into its U.S.dollar functional currency.

---

Definitions:

Economic Questions

Fundamental inquiries regarding the allocation of scarce resources, including what, how, and for whom to produce.

Utilitarian Justice

A principle that seeks the greatest good for the greatest number of people in the distribution of resources and benefits.

Decreasing Marginal Utility

The phenomenon where each additional unit of a good or service consumed provides less satisfaction or utility than the previous unit.

Redistribution

The transfer of income, wealth, or property from some individuals to others through a social mechanism such as taxation, welfare, public services, etc.