A Canadian company with a subsidiary in France must restate the Canadian operations from Canadian dollars to euros.

Question

Quizplus · Accepted Answer

Restating the Canadian operations from Canadian dollars to euros would only be necessary if the subsidiary in France needs to consolidate its financial statements with the parent company's financial statements. If this is not the case, the Canadian company can continue to report its financial statements in Canadian dollars.

A Canadian Company with a Subsidiary in France Must Restate