The Following Information Pertains to Questions

question 54

Multiple Choice

The following information pertains to questions
ABC Inc has a single wholly-owned American subsidiary called US1 based in Los Angeles,California which was acquired January 1,2014.US1 submitted its financial statements for 2014 to ABC.Selected exchange rates in effect throughout 2014 are shown below: US1 Financial Results for 2014 were as follows: Balance Sheet For questions 17 through 22,inclusively,assume that US1 is considered to be a self-sustaining subsidiary.
-Which of the following rates would be used to translate the company's Dividends paid during the year?

• A)$1CDN=$0.815 U.S.
• B)$1CDN=$0.8125 U.S.
• C)$1CDN=$0.8250 U.S.
• D)$1CDN=$0.83 U.S.

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in the field of developmental psychology and his theory of cognitive development in children.

B.F. Skinner

An American psychologist and behaviorist known for his work in developing the theory of operant conditioning, focusing on how behaviors are influenced by consequences.

Lev Vygotsky

A psychologist known for his theory on social development and the concept of the Zone of Proximal Development.

Information Processing

The method by which individuals perceive, analyze, manipulate, use, and remember information, analogous to the way computers process data.