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.

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Definitions:

Physiology

The branch of biology that deals with the normal functions of living organisms and their parts, including the physical and chemical processes involved.

Levels of Organization

A hierarchical structure for organizing complexity in biology, ranging from atoms to molecules, cells, tissues, organs, organ systems, organisms, populations, communities, ecosystems, and the biosphere.

Midsagittal

Relating to the median plane or a section that divides the body into equal left and right halves.

Serous Membrane

A thin membrane lining certain internal cavities of the body, secreting serous fluid to lubricate the surfaces.