Which One of the Following Statements Would Justify This Conclusion

question 52

Multiple Choice

Which one of the following statements would justify this conclusion?

• A) Most of the subsidiary's sales and purchases were with companies in the U.S.
• B) Dilty's functional currency is the dollar and Dilty is the parent.
• C) Dilty's other subsidiaries all had the dollar as their functional currency.
• D) Generally accepted accounting principles require that the subsidiary's functional currency must be the dollar if consolidated financial statements are to be prepared.
• E) Dilty is located in the U.S.

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Definitions:

ADP

Adenosine diphosphate, a molecule involved in cellular energy transfer, acting as a precursor to ATP during cellular respiration.

Electron Transport Chain

A sequence of molecular structures that facilitates the movement of electrons from donors to acceptors through oxidation-reduction reactions, while simultaneously moving protons (H+ ions) through a membrane.

Thylakoid Membrane

A membrane-bound compartment inside chloroplasts and cyanobacteria, which is the site of the light-dependent reactions of photosynthesis.

Carbon Fixation

The process by which inorganic carbon (principally in the form of carbon dioxide) is converted to organic compounds by living organisms.