The currency in which an international subsidiary's parent presents its consolidated financial statements is its A....
The currency in which an international subsidiary's parent presents its consolidated financial statements is its
| A. |
Functional currency. |
|
| B. |
Reporting currency. |
|
| C. |
Local currency. |
|
| D. |
Currency of the country where the parent is incorporated. |
Homework Answers
B. reporting currency.
The parent will present the consolidated financial statements in its reporting currency.
the international subsidiaries financials would have been reported in the subsidiary's reporting currency, this shall be translated into the reporting currency of parent and the parent shall present the consolidated financial statements in its reporting currency.
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The currency in which an international subsidiary's parent
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