Multiple Choice
_____ Which of the following items is a factor pointing toward the use of the foreign currency as the functional currency?
A) The foreign unit's sales are primarily for export to the United States.
B) A high volume of intercompany transactions occurs.
C) Financing is primarily denominated in the foreign currency.
D) The foreign unit is a foreign marketing subsidiary.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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