REFERENCE: Ref.10_05 a Subsidiary of Porter Inc. ,A U.S.company,was Located in a in a Foreign

question 4

Multiple Choice

REFERENCE: Ref.10_05
A subsidiary of Porter Inc. ,a U.S.company,was located in a foreign country.The functional currency of this subsidiary was the stickle (§) .The subsidiary acquired inventory on credit on November 1,2008,for §120,000 that was sold on January 17,2009 for §156,000.The subsidiary paid for the inventory on January 31,2009.Currency exchange rates between the dollar and the stickle were as follows:

-Under the current rate method,common stock would be restated at what rate?

• A)Beginning of the year rate.
• B)Average rate.
• C)Current rate.
• D)Historical rate.
• E)Composite amount.

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Definitions:

Accent Responses

Adjusting one's speaking style, tone, or dialect in response to another person's communication style, often unconsciously, to either fit in or differentiate oneself.

Closed-ended Responses

Answers limited to specific choices, such as "yes" or "no," making data collection and analysis more straightforward.

Verbal Following

The practice of attentively listening to someone and then immediately responding or acting based on the information communicated.

Treatment Outcomes

The results or changes following a medical treatment or intervention, often used to assess the effectiveness of the treatment.