Local currency of the foreign subsidiary

Assignment Help Accounting Basics
Reference no: EM13148230

When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by:

A. translation using historical exchange rates.

B. remeasurement using historical exchange rates.

C. remeasurement using the current exchange rate.

D. translation using the current exchange rate.

Reference no: EM13148230

Questions Cloud

What is the enthalpy of combustion of compound x : The enthalpy of formation of compound X is -612 kJ/mol, and the sole product of its combustion has a enthalpy of formation of -671 kJ/mol. What is the enthalpy of combustion of compound X?
Net investment in a foreign entity : The gain or loss on the effective portion of a U.S. parent company's hedge of a net investment in a foreign entity should be treated as:
Find probability that mean number of flaws exceeds value : the sampling distribution of the sample mean. use the central limit theorem to find the approximate probability that the mean number of flaws exceeds 1.8 per square yard.
How the plant and animal kingdom defend themselves : There are many challenges that organisms must meet to survive. Describe two challenges and explain how plants and animals are able to meet these challenges. Be specific about structures (anatomy) involved and molecules (physiology) involved.
Local currency of the foreign subsidiary : When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by:
How would the plan suggest measures to prevent the outbreak : How would the plan clearly explain the concept of infectious diseases and how it progresses?
Find the probability of selecting nonfiction books : While 60 of the children's books are nonfiction. If a book is selected at random, find the probability of selecting the following not a children's nonfiction.
Payback period and unadjusted rate of return : Determine the payback period and unadjusted rate of return (use average investment.) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
Why pollinators are often very specific to the plants : Describe the various explanations (evolutionary, anatomical, etc.) for why pollinators are often very specific to the plants they pollinate.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Declaration and issuance of the stock dividend

A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $9. Subsequently, the company declared a 2% stock dividend on a date when the market price was $10 a share. The effect of the declaration and issuance of the s..

  Capital structure of a corporation

State two tax advantages resulting from the use of "debt" rather than equity in creating the capital structure of a corporation.

  What is the accounts receivable turnover

Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, e..

  Find norm deductible loss

The car was covered by a $2,000 deductible insurance policy. Norm did not file a claim against the insurance policy because of a fear that reporting the accident would result in a substantial increase in his insurance rates. His adjusted gross inc..

  Noncontrolling interest in subsidiary net income

Both figures occur evenly throughout the year. On a December 31, 2004 consolidated income statement, what should be reported as the noncontrolling interest in the subsidiary's net income and as preacquisition income?

  Explain this type of revenue recognition transaction

Explain this type of revenue recognition transaction, and what factors should be considered in determining when to recognize revenue in this transaction?

  Investments net present value

The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is:

  Risk premium and capital asset pricing model

Suppose Intel stock has a beta of 2.16, whereas Boeing stock has a beta of 0.69. If the risk-free interest rate is 4% and the expected return of the market portfolio is 10%,

  What is the income tax owed by or refunded

What is the income tax owed by or refunded to an investor in the 35 percent income tax bracket. The current tax rate is 15 percent tax rate on long-term capital gains and dividend income?

  Consolidated income statement

For consolidation purposes, does the direction of the transfers (upstream or downstream) affect the balances to be reported here? Prepare a consolidated income statement for the year ending December 31, 2004.

  Prepare an income statement and a balance sheet

Using the information, prepare an income statement and a balance sheet for the Parsons Corporation.

  Problem related to financial adviser of school district

Second Baptist would start a church school; and Baker would open a car dealership. If you are the financial adviser for the school district, which offer would you prefer? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd