Answer:
All the 4 statements are correct.
Explanation:
The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.
Answer:
The maximum amount that Michel can borrow is 70,000 dollars.
Explanation:
Please see attachment .
Answer:
false, these two can be related
Explanation:
false
