When an U.S. investor entity acquires interest in a foreign entity with the payment of foreign currency, the determination of excess is calculated
A)in dollars
B)in the foreign currency
C)in dollars if remeasurement (historical rate/temporal method) is indicated
D)in the foreign currency if translation (current rate/functional method) is indicated

Question

Quizplus · Accepted Answer

When an U.S. investor entity acquires interest in a foreign entity with the payment of foreign currency, the determination of excess is calculated in the foreign currency.

When an US