ParagraphStyles11-Unifying the currency of the financial statements items for all of the subsidiaries withinthe group is referred to as:A-Transaction translationB- Functional currency translationC- Financial statements translationD-Financial statements consolidation12- Translating the individual financial statements of each subsidiary into unified functionalcurrency for the purpose of preparing consolidated financial statements is referred to as:A- Financial statements translationB- Transaction translationC- Functional currency tran'slationD- Financial statements cosölidation

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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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

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

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