If the Subsidiary's Local Currency Is Its Functional Currency, What

question 81

Multiple Choice

If the subsidiary's local currency is its functional currency, what total amount should be included in Tulip's balance sheet in U.S.dollars?

• A) $609,000.
• B) $658,000.
• C) $602,000.
• D) $630,000.
• E) $616,000.

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Definitions:

Contingency Approach

A management theory that suggests the most appropriate organizational structure or management style is contingent upon the internal and external situation.

Evolution of Management

Refers to the historical development and transformation of management theories and practices over time.

Open System Analysis

An approach to analyze organizations by considering the continuous interaction with their environment, enabling adaptation and sustainability.