Which One of the Following Statements Would Justify This Conclusion

question 52

Multiple Choice

Which one of the following statements would justify this conclusion?

• A) Most of the subsidiary's sales and purchases were with companies in the U.S.
• B) Dilty's functional currency is the dollar and Dilty is the parent.
• C) Dilty's other subsidiaries all had the dollar as their functional currency.
• D) Generally accepted accounting principles require that the subsidiary's functional currency must be the dollar if consolidated financial statements are to be prepared.
• E) Dilty is located in the U.S.

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Definitions:

Independent Choices

Decisions made by an individual based purely on their own judgement and preferences, without outside influence.

Disciplining

The process of teaching and enforcing rules or behaviors, often to correct disobedience or to instill self-control.

Relationships

Social connections between individuals, marked by feelings of affection, respect, or business partnerships.

Physical Punishment

The use of physical force with the intention of causing a child to experience pain, but not injury, for purposes of correction or control.