A functional currency is the currency of the host country in which a subsidiary primarily generates and expends cash and in which its accounts are maintained.

Name: A functional currency is the currency of the host country in which a subsidiary primarily generates and expends cash and in which its accounts are maintained.
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Question

Quizplus · Accepted Answer

A functional currency is indeed the currency of the host country in which a subsidiary primarily generates and expends cash and in which its accounts are maintained.

A Functional Currency Is the Currency of the Host Country