REFERENCE: Ref.10_03 Dilty Corp.owned a Subsidiary in France.Dilty Concluded That the Subsidiary's

question 55

Multiple Choice

REFERENCE: Ref.10_03
Dilty Corp.owned a subsidiary in France.Dilty concluded that the subsidiary's functional currency was the U.S.dollar.
-What must Dilty do to ready the subsidiary's financial statements for consolidation?

• A)first translate them,then remeasure them.
• B)first remeasure them,then translate them.
• C)state all of the subsidiary's accounts in U.S.dollars using the exchange rate in effect at the balance sheet date.
• D)translate them.
• E)remeasure them.

---

Definitions:

Thirst

The basic sensation prompting the desire to drink liquids, resulting from dehydration or electrolyte imbalances in the body.

Digest

The process of breaking down food through mechanical and chemical means into substances that can be absorbed and assimilated by the body.

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the experience of emotion, implying that emotions are a result of the interpretation of bodily reactions.

Appraisal Theory

A theory in psychology that describes how individuals evaluate events as beneficial or harmful to their well-being, which then determines their emotional response.