Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in the local currency, and the local currency is the functional currency, then:
A) the translation method to be used is not obvious.
B) translation is accomplished through the temporal method.
C) translation is not required.
D) translation is accomplished through the current rate method.
Answer: D
Business
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If the value of the collateral securing a secured loan is less than the secured interest, the secured creditor is an oversecured creditor
Indicate whether the statement is true or false
Business
The last four weekly values of sales were 80, 100, 105, and 90 units. The last four forecasts were 60, 80, 95, and 75 units. These forecasts illustrate:
A) qualitative methods. B) adaptive smoothing. C) slope. D) bias. E) trend projection.
Business