Why are subsidiarys financial statements translated from a f

Why are subsidiary’s financial statements translated from a foreign currency into amounts in U.S. dollars?

a. to pay foreign debt

b. in conformity with a foreign country\'s regulations

c. because of department of trade requirements

d. for purposes of consolidation

Solution

When the consolidations are made in the parent company the subsidary company share are added

When the subsidary company share is in foreign currency then for having same base of currency

the foreign curry is converted into US dollars

So correct answer is D For purpose of consolidation