Which of the Following Defines a Foreign-Based Entity That Uses

question 23

Multiple Choice

Which of the following defines a foreign-based entity that uses a functional currency different from the local currency?
I.A U.S.subsidiary in Britain maintains its accounting records in pounds sterling,with the majority of its transactions denominated in pounds sterling.
II.A U.S.subsidiary in Peru conducts virtually all of its business in Latin America,and uses the U.S.dollar as its major currency.

• A) I.
• B) II.
• C) Both I and II.
• D) Neither I nor II.

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Definitions:

Immune Response

The body's defense mechanism against pathogens, including the activation and coordination of white blood cells and the production of antibodies.

Immune System Responses

The reactions of the body's immune system to foreign substances or pathogens to protect the body from disease and infections.

Stable Groups

Stable groups refer to a set of individuals or elements that maintain a consistent structure or composition over time, exhibiting minimal changes in membership or organization.

New Roommates

Individuals who begin living together in the same housing unit, often for the purpose of sharing rent and other living expenses.