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  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 16: Translating Foreign Currency Statements: The Temporal Method and the Functional Currency Concept
  5. Question
    A Factor to Be Considered in Determining a Foreign Unit's
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A Factor to Be Considered in Determining a Foreign Unit's

Question 46

Question 46

True/False

A factor to be considered in determining a foreign unit's functional currency is whether earnings are reinvested or distributed to the parent/home office.

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