Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) If a subsidiary is self-sustaining, the method of valuation of assets and liabilities is of no consequence in the translation because all of the assets are translated at the closing rate.
B) If a subsidiary is an integrated foreign subsidiary, the method of valuation of assets and liabilities is of no consequence in the translation because all of the assets are translated at the closing rate.
C) If a subsidiary is an integrated foreign subsidiary, a write-down to market may be required in the translated financial statements.
D) If a subsidiary is an integrated foreign subsidiary, no write-down is required in the foreign currency financial statements.