Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A) If an organization is self-sustaining (i.e., the functional currency of the foreign operation is different than the parent), non-monetary items recorded at cost must be translated using historical rates.
• B) If an organization is self-sustaining (i.e., the functional currency of the foreign operation is different than the parent), non-monetary items recorded at cost must be translated using average rates.
• C) If an organization is self-sustaining (i.e., the functional currency of the foreign operation is different than the parent), non-monetary items recorded at cost must be translated using closing rates.
• D)If an organization is considered an integrated foreign subsidiary (i.e., the functional currency of the foreign operation is the same as the parent), non-monetary items recorded at cost must be translated using closing rates.

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Definitions:

Words

Symbols or sounds that are used to represent objects, actions, thoughts, or feelings in communication.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences.

Procedural Memory

A type of long-term memory that involves the unconscious memory of skills and how to perform tasks.

Semantic Memory

Semantic memory refers to a part of long-term memory responsible for storing information about the world, such as facts, concepts, and meanings.