Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using historical rates.
• B)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using average rates.
• C)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using closing rates.
• D)If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using closing rates.

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Definitions:

Standardize

The process of making something conform to a standard in order to ensure consistency and compatibility.

Localise

To adapt a product, message, or strategy to meet the cultural, linguistic, and consumption preferences of a specific geographic region or community.

Unidirectional Flow

A process or communication method where information or resources move in only one direction, from sender to receiver, without a reciprocal exchange.

Periphery

The outer limits or edge of an area or object, often referring to regions or areas that are marginal, less developed, or outside the mainstream.