According to U

question 38

Multiple Choice

According to U.S. GAAP, when the local currency is the functional currency, which method is usually required for translating a foreign subsidiary's financial statements into the parent's reporting currency?

• A) The temporal method.
• B) The current rate method.
• C) The current/noncurrent method.
• D) The monetary/nonmonetary method.
• E) The noncurrent rate method.

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