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Sati [7]
3 years ago
12

g In translating the financial statements of a foreign subsidiary into the parent’s reporting currency under the current rate me

thod, which of the following statements is true? Multiple Choice Expenses are translated using a combination of current and historical exchange rates. Intangible assets are translated at the historical exchange rates in effect on the date the assets are purchased. The translation adjustment is a function of the foreign subsidiary’s net assets. The translation adjustment is a function of the relative amount of monetary assets and monetary liabilities held by the foreign subsidiary.
Business
1 answer:
Usimov [2.4K]3 years ago
3 0

Answer:

The translation adjustment is a function of the foreign subsidiary's net assets.

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But before that the predetermined overhead rate should be calculated

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Anika [276]

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Neighbourhood centre

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7 0
3 years ago
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3 years ago
How U.S industries will be affected by lifting the embargo?
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Explanation:

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2 years ago
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