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Paragraph Styies 11-Unifying the currency of the financial statements items for all of the subsidiaries within the group is referred to as: A-Transaction translation B- Functional currency translation C- Financial statements translation D-Financial statements consolidation

Paragraph Styies 11-Unifying the currency of the financial statements items for all of the subsidiaries within the group is referred to as: A-Transaction translation B- Functional currency translation C- Financial statements translation D-Financial statements consolidation

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Paragraph Styles 11-Unifying the currency of the financial statements items for all of the subsidiaries within the group is referred to as: A-Transaction translation B- Functional currency translation C- Financial statements translation D-Financial statements consolidation 12- Translating the individual financial statements of each subsidiary into unified functional currency for the purpose of preparing consolidated financial statements is referred to as: A- Financial statements translation B- Transaction translation C- Functional currency tran'slation D- Financial statements cosölidation
Transcribed Image Text:Paragraph Styles 11-Unifying the currency of the financial statements items for all of the subsidiaries within the group is referred to as: A-Transaction translation B- Functional currency translation C- Financial statements translation D-Financial statements consolidation 12- Translating the individual financial statements of each subsidiary into unified functional currency for the purpose of preparing consolidated financial statements is referred to as: A- Financial statements translation B- Transaction translation C- Functional currency tran'slation D- Financial statements cosölidation
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