Which of the Following Defines a Foreign-Based Entity That Uses

question 23

Multiple Choice

Which of the following defines a foreign-based entity that uses a functional currency different from the local currency?
I.A U.S.subsidiary in Britain maintains its accounting records in pounds sterling,with the majority of its transactions denominated in pounds sterling.
II.A U.S.subsidiary in Peru conducts virtually all of its business in Latin America,and uses the U.S.dollar as its major currency.

• A) I.
• B) II.
• C) Both I and II.
• D) Neither I nor II.

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Definitions:

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A county located in the state of California, known for its diverse population and being part of the San Francisco Bay Area.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or getting restful sleep, leading to daytime impairment.

CONSORT

A set of recommendations for reporting randomized controlled trials, ensuring transparency and completeness.

Suppressing Trial Results

The unethical practice of not disclosing or publishing unfavorable or negative results obtained from clinical trials.