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If Maker Is Considered to Be a Self-Sustaining Foreign Subsidiary

Question 19

Multiple Choice

If Maker is considered to be a self-sustaining foreign subsidiary (i.e., the functional currency of the foreign operation is different than the parent) , what amount will be shown for amortization expense on its translated Canadian dollar financial statements as at December 31, 2016?


A) $20,000.
B) $21,000.
C) $21,200.
D) $21,250.

Correct Answer:

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