A U.S. parent company's foreign equity accounts are translated into dollars using the historical rate or average rate based on the company's discretion.

Name: A U.S. parent company's foreign equity accounts are translated into dollars using the historical rate or average rate based on the company's discretion.
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Question

Quizplus · Accepted Answer

A U.S. parent company's foreign equity accounts are translated using the historical exchange rate, not at the company's discretion between historical or average rates.

A US Parent Company's Foreign Equity Accounts Are Translated into Dollars