CableTech, a US corporation, owns 100% of the Canadian company, Fiber Quebec. The Canadian dollar is the currency of record and the functional currency
Required: What currency exchange rate would be used to translate Fiber Quebec's accounts into US Dollars? Choose from current, simple average, weighted average, or historical. a. Prepaid Insurance _______________________
b. Land _______________________
c. Common Stock _______________________
d. Bonds Payable _______________________
e. Sales _______________________
f. Goodwill _______________________
g. Allowance for Doubtful Accounts _______________________
h. Deferred Income Taxes _______________________
a. Prepaid Insurance Current
b. Land Current
c. Common Stock Historical
d. Bonds Payable Current
e. Sales Weighted Average
f. Goodwill Current
g. Allowance for Doubtful Accounts Current
h. Deferred Income Taxes Current
You might also like to view...
Which term refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware?
a. Architecture b. Supply Chain Management c. Enterprise Resource Planning d. Service Oriented Architecture e. None of the above
With reference to the "Net Promoter" customer loyalty metric, the "Net promoter score" is calculated by:
A) subtracting the percentage of passively satisfied customers from the percentage of promoters. B) subtracting the percentage of detractors from the percentage of passively satisfied customers and then adding it to the percentage of promoters. C) subtracting the percentage of detractors from the percentage of passively satisfied customers. D) subtracting the percentage of detractors from the percentage of promoters.