According to your authors, the main purpose of translation is:
A) to prepare consolidated financial statements.
B) to help management assess the performance of foreign subsidiaries.
C) to act as an interpreter for managers without foreign language skills.
D) none of the above
Answer: A
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An owner listed their property with a broker. The owner informs the broker he is selling because of a serious financial condition. What should the broker tell potential buyers?
A. The seller is probably willing to accept less than the listed price. B. The seller is anxious to sell. C. If the property is foreclosed, you might bid on it at public sale. D. Do not discuss the seller's financial condition with any buyers without the seller's consent.
Frank, a certified public accountant, has the right to make the following solicitations of employment involving IRS matters:
A. Seeking new business from a former client. B. Communicating with a family member. C. Targeting mailings. D. All of the answers are correct.