If the USDollar Is the Currency in Which the Foreign Affiliate's Books

question 28

Multiple Choice

If the U.S.dollar is the currency in which the foreign affiliate's books and records are maintained,and the U.S.dollar is also the functional currency,

• A)the translation method should be used for restatement.
• B)the remeasurement method should be used for restatement.
• C)either translation or remeasurement could be used for restatement.
• D)no restatement is required.

---

Definitions:

Militia Musters

Historical gatherings where local military units met for training or review.

Economic Growth

Economic growth is the increase in the market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real gross domestic product (GDP).

British Colony

A territory under the political control of the United Kingdom, often established overseas during the British Empire's expansion.

Eighteenth Century

A period of time from January 1, 1701, to December 31, 1800, which is notable for significant breakthroughs in various fields including the Enlightenment and the Industrial Revolution.