If the restatement method for a foreign subsidiary involves

If the restatement method for a foreign subsidiary involves remeasuring from the recording currency into the functional currency, then translating from functional currency to U.S. dollars, the functional currency of the subsidiary is: L the US. dollar Il the recording currency unit lI a third country\'s currency Multiple Choice Either I or l

Solution

If the restatement method for a foreign subsidiary involves remeasuring from the recording currency into the functional currency, then translating from functional currency to U.S. dollars, the functional currency of the subsidiary is:

The Recording currency Unit

Answer = D) II