From the standpoint of the parent company, a foreign currency is
A) the currency in which the parent company prepares its financial statements.
B) any currency other than the parent currency.
C) the currency of the primary economic environment in which the firm operates.
D) the currency in the country where the foreign firm is operating.
Correct Answer:
Verified
Q32: The currency of the primary economic environment
Q33: The translation method in which current assets
Q34: The translation methodology that translates only owner's
Q35: The translation methodology which assumes that the
Q36: The translation method which uses as the
Q38: According to the temporal method of translating
Q39: The currency in which the parent company
Q40: According to the current-rate method of translating
Q41: According to which method is the foreign
Q42: According to FASB Statement No. 52,
A) translation
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