Multiple Choice
_____ Which of the following is not an allowable reason for eliminating the balance in the AOCI-Cumulative Translation Adjustment account?
A) Sale of the investment (the common stock) .
B) Liquidation of the subsidiary (through sale of its assets) .
C) Stability has existed for the exchange rate for three years or more.
D) The foreign government has permanently seized the subsidiary's assets.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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