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:

Transaction Management

The process of managing a transaction to ensure that all operations within it either complete successfully together or fail as a unit.

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The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

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The period in business history when the focus was primarily on production efficiency and product output, rather than on customer needs or desires.

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner using optimally planned workflows in order to create a finished product efficiently.