The Main Objective of Translating the Financial Statements of Foreign

question 20

Multiple Choice

The main objective of translating the financial statements of foreign operations into Australian dollars is to:

• A) compare the performance of the foreign subsidiary's managers with their Australian counterparts
• B) meet the requirements of tax legislation
• C) incorporate the results of the foreign operations into the consolidated financial reports
• D) evaluate the performance of the foreign subsidiary's managers

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Definitions:

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without any need for learning.

Vicarious Response

A reaction experienced in response to observing another person's experiences or emotions.

Learning

The acquisition of knowledge, skills, values, or behaviors through study, experience, or teaching.

Permanent Change

A lasting alteration in behavior, situation, or environment that does not revert back to its original state.