Indicators pointing towards the reporting entity's currency as the functional currency include that which of the following?
A) There are active local markets, although there may be significant amounts of exports.
B) Sales are mostly in the country of the reporting entity.
C) Prices are not primarily responsive in the short term to exchange rate changes.
D) Production costs and operating expenses are determined primarily by local conditions.

Question

Quizplus · Accepted Answer

The Answer of Indicators pointing towards the reporting entity's currency as the functional currency include that which of the following?
A) There are active local markets, although there may be significant amounts of exports.
B) Sales are mostly in the country of the reporting entity.
C) Prices are not primarily responsive in the short term to exchange rate changes.
D) Production costs and operating expenses are determined primarily by local conditions.

Indicators Pointing Towards the Reporting Entity's Currency as the Functional