Palk Corporation has a foreign subsidiary located in a country experiencing high rates of inflation.Information concerning this country's inflation rate experience is given below. The inflation rate that is used in determining if the subsidiary is operating in a highly inflationary economy is
A) 37.50%.
B) 90.58%.
C) 133.33%.
D) 350.00%.

Question

Palk Corporation has a foreign subsidiary located in a country experiencing high rates of inflation.Information concerning this country's inflation rate experience is given below.  The inflation rate that is used in determining if the subsidiary is operating in a highly inflationary economy is
A) 37.50%. 
B) 90.58%. 
C) 133.33%. 
D) 350.00%.

Quizplus · Accepted Answer

The Answer is C

Palk Corporation Has a Foreign Subsidiary Located in a Country