Which of the following foreign subsidiary accounts will have the same value on consolidated financial statements,regardless of whether the statements are remeasured or translated?
A)Trademark
B)Deferred Income
C)Accounts Receivable
D)Goodwill

Question

Quizplus · Accepted Answer

Accounts Receivable will have the same value on consolidated financial statements regardless of whether the statements are remeasured or translated. This is because accounts receivable are recorded at historical exchange rates, and therefore do not require any adjustment for changes in exchange rates. However, the other options (Trademark, Deferred Income, and Goodwill) may require adjustments for changes in exchange rates or revaluation depending on the accounting treatment applied.

Which of the Following Foreign Subsidiary Accounts Will Have the Same