A foreign subsidiary's functional currency is its local currency, which has not experienced significant inflation. The weighted

Question

3 years ago

13

A foreign subsidiary's functional currency is its local currency, which has not experienced significant inflation. The weighted

average exchange rate for the current year would be the appropriate exchange rate for translating:Sales to Customers Wages /Expense a) No/ No b) Yes/ Yes c) No /Yes d) Yes /No

Business

1 answer:

kompoz [17] · Answer 1 · 2022-04-06T18:17:59+03:00

kompoz [17]3 years ago

3 0

Answer:

B

Explanation:

Yes/yes

The weighted average exchange rate is a term used financially to define the average exchange rate for a particular period.

It unifies the exchange rate which is used to quantify the value of all the transactions done at that time.