According to Statement 52,"Foreign Currency Translation," Issued by the Financial

According to Statement 52,"Foreign Currency Translation," issued by the Financial Accounting Standards Board:

A) the functional currency of a self-sustaining foreign subsidiary is to be the currency of its parent company.
B) the balance sheet of a self-sustaining foreign subsidiary is translated into the local currency using the exchange rate in effect at the end of the firm's financial year.
C) the income statement of a self-sustaining foreign subsidiary is translated using the average exchange rate for the firm's financial year.
D) the functional currency of an integral subsidiary is to be the local currency.