A Foreign Subsidiary's Accounts Receivable Balance Should Be Translated for the Consolidated

question 28

Multiple Choice

A foreign subsidiary's accounts receivable balance should be translated for the consolidated financial statements at

• A)the appropriate historical rate.
• B)the prior year's forecast rate.
• C)the future rate for the next year.
• D)the spot rate at year-end.

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Definitions:

Cell Phone

A portable electronic device that combines mobile communication and computing functions.

Discrimination

The unfair or prejudicial treatment of different categories of people, often based on race, age, or sex.

Urgent Text Message

A text message that requires immediate attention or conveys an urgent matter.

Business Attire

Clothing that is suitable for a professional work environment, often including suits and dress shoes.