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34kurt
3 years ago
5

FASB No. 52 is a statement issued by the Financial Accounting Standards Board requiring American MNCs to first convert the finan

cial statement accounts of foreign subsidiaries into the country's functional currency and then translate the accounts into the parent firm's currency using the ________ method.
Business
1 answer:
Vesna [10]3 years ago
5 0

Answer:

all-current-rate method

Explanation:

The all-current-rate method is the method by which most items in the financial statements are translated at the current exchange rate

In current-rate-method,

the income statement is translated at the weighted average exchange rate,

assets and liabilities are translated at the current rate, issued capital stock is translated at the exchange rate.

The balance sheet must be balanced. Cumulative Translation Adjustment (CTA) balances the asset side of the balance sheet with the liabilities and owner’s equity side of the balance sheet.

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svp [43]
'Fair' is really subjective, anyone will have their own opionion.

But i think the best way to define fair is if the tax structure give the same amount of weight throughout all economic classes

If i can replace the federal income tax structure, i would just give a straight percentage of amount to all economic classes, without anyway to cut with 'tax deductible tricks', like 20 % of annual income to all classes of economy. I



5 0
3 years ago
How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?
Alex73 [517]

Answer:

i will take at lease 3 years to get 425,845

4 0
3 years ago
What is an antonym for delicate?
MAXImum [283]
A antonym for delicate could be firm
8 0
3 years ago
Lunker Lures makes ten different models of fishing lures. All ten models are completely crafted by hand using the same basic mat
maria [59]

The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.

<h3>What is the Traditional Costing System?</h3>

The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.

In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.

Learn more about the Traditional Costing System here:

brainly.com/question/24516871

8 0
2 years ago
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
Vlada [557]

Answer:

No

Explanation:

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Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.

4 0
3 years ago
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