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MatroZZZ [7]
3 years ago
13

Eagle, Inc. is a manufacturer and distributor of consumer products in the U.S. It has a wholly owned foreign subsidiary, El Rio,

which sells Eagle products in Mexico. El Rio receives all of its products from Eagle, sells those products, and remits the proceeds to Eagle. El Rio maintains its books and prepares its financial statements in the Mexican peso. Which one of the following methods will Eagle most likely use to convert El Rio's financial statements to dollar-based statements?A. Translation.B. Remeasurement.C. Translation and then remeasurement.D. Remeasurement and then translation.
Business
1 answer:
Anit [1.1K]3 years ago
5 0

Answer:

B. Remeasurement.

Explanation:

Remeasurement -

It is the process in which the values of a physical asset or company;s financial statements or the foreign currency  , are re - evaluated .

It is the method to of reestablishing the value of the item , in a few situation ,

The first is the land , as the value of the land changes a lot and and can not be reflected in the balance sheet correctly .

The advantage of Remeasurement is to maintain accuracy in the record data .

Hence ,

from the question ,

The correct term for the given data is ( b ).

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Answer:

A) firm offer rule

Explanation:

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The _____ Act established strict accounting and reporting rules to make senior managers more accountable and to improve and main
MrMuchimi

Answer:

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Prices of products are often higher in a foreign country than the home country due to transportation charges, taxes, tariffs, an
Genrish500 [490]

Answer:

Option E Price Escalation

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What are sales transactions posted to the accounts receivable subsidiary ledger? Why?
Eduardwww [97]

Answer: Transactions and Payment History.

Explanation:

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