According to FASB ASC 830, Foreign Currency Matters, which of the following conditions would indicate...
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According to FASB ASC Foreign Currency Matters, which of the following conditions would indicate that a foreign subsidiary's functional currency is the foreign currency? Group of answer choices Sales price not affected by changes in exchange rate in the shortrun High volume of intercompany transactions Sales in the local market not significant Most of the subsidiary's financing comes from the parent
According to FASB ASC Foreign Currency Matters, which of the following conditions would indicate that a foreign subsidiary's functional currency is the foreign currency?
Group of answer choices
Sales price not affected by changes in exchange rate in the shortrun
High volume of intercompany transactions
Sales in the local market not significant
Most of the subsidiary's financing comes from the parent
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