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:

Fasci/o

A prefix in medical terminology referring to fascia, the connective tissue surrounding muscles, organs, and other structures.

Clavicle

A lengthy bone acting as a support between the scapula and the sternum, also referred to as the collarbone.

Dactyl/o

A prefix relating to the digits of the hands or feet (fingers or toes).

Hydro-

A prefix indicating a relation to water.