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Valentin [98]
3 years ago
11

Which of the following indicates that the functional currency of a foreign subsidiary is the US dollar? Group of answer choices

Business
1 answer:
andrey2020 [161]3 years ago
6 0

Answer:

C) Sales markets of the foreign entity are primarily in foreign countries.

Explanation:

The US dollar is the most commonly used currency in the world, and most of foreign trade is carried out using the US dollar. If the foreign entity sells most of its production overseas (exports) then they will use the US dollar as their functional currency since all their exports will be valued in US dollars.

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The amount Andrew will receive as compensation is $10,000.
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The kind of money used by a group or nation.
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[The following information applies to the questions displayed below.]
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Answer:

Dr Unearned rent revenue 16,800

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