Which of the Following Statements Is Correct

question 45

Multiple Choice

Which of the following statements is correct?

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

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Definitions:

Product Names

The titles given to goods or services to distinguish them from those of competitors and to identify them to consumers.