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When Consolidating Foreign Subsidiaries,the Foreign Subsidiary's Financial Numbers Must Be

Question 104

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When consolidating foreign subsidiaries,the foreign subsidiary's financial numbers must be translated into the parents' currency unit.Under U.S.GAAP if the foreign subsidiary is a self-contained unit the


A) current rate method is used.
B) temporal method is used.
C) present value method is used.
D) historical cost method is useD.

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