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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc503cf41-09dd-4df2-935a-1bf055056cc2%2Fad41e1a0-9c4e-45c1-9bde-d66a43398d2b%2Fmavsjlp_processed.jpeg&w=3840&q=75)
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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