Indicators Pointing Towards the Local Overseas Currency as the Functional

Multiple Choice

Indicators pointing towards the local overseas currency as the functional currency include, that the:
I. Parent's cash flows are directly affected on a current basis.
II. Cash flows are primarily in the local currency and do not affect the parent's cash flows.
III. Sales prices are primarily responsive to exchange rate changes in the short-term.
IV. Production costs are determined primarily by local conditions.

A) I and III only;
B) II and IV only;
C) I, III and IV only;
D) I, II and IV only.