Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company. Re-measurement: It is process to measure the financial results of any other currency into functional currency. Translation : It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company. The currency at which foreign entity will record transaction in its books. The functional currency of foreign entity. The process to restatement into U. S dollars.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Department L had 600units 60% completed in process at the beginning of June, 6,000 units completed during June, and 700 units 30% completed at the end of June. Using the first-in, first-out method of inventory costing, what was the number of equivalent units of production for conversion costs for the period?

No ai tool . brightster , inc.

Need help

Answer 2

Question

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Answer 6

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

Answer 7

Chapter 12, Problem 12.4C

1.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

Answer 8

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

Answer 9

2.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

The currency at which foreign entity will record transaction in its books.

The functional currency of foreign entity.

The process to restatement into U. S dollars.

Answer 10

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

Answer 11

3.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

a. The currency at which foreign entity will record transaction in its books.

b. The functional currency of foreign entity.

c. The process to restatement into U. S dollars.

Answer 12

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Answer 13

4.

To determine

Introduction: Consolidation is the process of combining financial results of various subsidiaries with the financial results of parent company. It is used only when parent company holds more than 50% of share of subsidiary company.

Re-measurement: It is process to measure the financial results of any other currency into functional currency.

Translation: It is the method used to convert financial results of the business of subsidiary company into the functional currency of parent company.

d. The currency at which foreign entity will record transaction in its books.

e. The functional currency of foreign entity.

f. The process to restatement into U. S dollars.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 12 - Prob. 12.1Q Ch. 12 - Prob. 12.2Q Ch. 12 - Prob. 12.3Q Ch. 12 - How widely used are IFRS? Can IFRS be used for...Ch. 12 - Prob. 12.5Q Ch. 12 - Prob. 12.6Q Ch. 12 - Prob. 12.7Q Ch. 12 - Prob. 12.8Q Ch. 12 - Prob. 12.9Q Ch. 12 - Prob. 12.10Q

Solution Summary: The author explains the process of re-measurement, which is used to convert financial results of various subsidiaries into the functional currency of parent company.

Want to see the full answer?

Chapter 12 Solutions