Tag Archive | "restatement"

If The U.s. Dollar Is The Currency In Which The Foreign Affiliate’s Books And Records Are Maintained, And The?


If the U.S. dollar is the currency in which the foreign affiliate’s books and records are maintained, and the U.S. dollar is also the functional currency,
A. the translation method should be used for restatement
B. no restatement is required
C. either translation or remeasurement could be used for restatement
D. the remeasurement method should be used for restatement

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