menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Accounting and Multinational Enterprises
  4. Exam
    Exam 10: Foreign Currency Transactions and Translation
  5. Question
    The Currency of the Country Where the Foreign Company Is
Solved

The Currency of the Country Where the Foreign Company Is

Question 53

Question 53

Multiple Choice

The currency of the country where the foreign company is operating is the


A) base currency.
B) parent currency.
C) local currency.
D) third country currency.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q45: The local currency is<br>A) the currency in

Q46: From the standpoint of the parent company,

Q47: According to the temporal method of translation,<br>A)

Q48: The process by which one currency is

Q49: According to FASB Statement No. 52, which

Q50: If a parent company has a subsidiary

Q51: Which foreign currency translation standard uses the

Q52: No foreign exchange accounting problem arises as

Q54: If a U.S.-based company has a subsidiary

Q55: Outright forward transactions do not involve the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines