_____ Before a Foreign Subsidiary's Financial Position and Results of Operations

Multiple Choice

_____ Before a foreign subsidiary's financial position and results of operations can be reported to the stockholders of the U.S. parent company, it is necessary to

A) Restate to U.S. GAAP and then translate.
B) Translate and then restate for foreign inflation.
C) Translate and then restate to U.S. GAAP.
D) Restate for foreign inflation, restate to U.S. GAAP, and then translate.
E) None of the above.