_____ Which of the following items is a factor in determining the functional currency of a foreign unit?
A) The policy regarding the reinvestment of earnings versus repatriation of earnings to the United States.
B) The form of the foreign operation (subsidiary versus branch or division).
C) The volume of intracompany or intercompany transactions.
D) Whether dividends declared by the foreign unit are denominated in the foreign currency or U.S. dollars.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of _____ Which of the following items is a factor in determining the functional currency of a foreign unit?
A) The policy regarding the reinvestment of earnings versus repatriation of earnings to the United States.
B) The form of the foreign operation (subsidiary versus branch or division).
C) The volume of intracompany or intercompany transactions.
D) Whether dividends declared by the foreign unit are denominated in the foreign currency or U.S. dollars.
E) None of the above.

_____ Which of the Following Items Is a Factor in Determining