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A Canadian company is publicly listed in the US New York Stock Exchange and discloses consolidated financial statements each year in US dollars. This company
A Canadian company is publicly listed in the US New York Stock Exchange and discloses consolidated financial statements each year in US dollars. This company uses Canadian dollar to keep book for its operations in Canada. What is the functional currency, reporting currency? And what accounting method would be used for the translation between the functional currency and reporting currency? Question 1 options: US dollar; US dollar; Current method Canadian dollar; Canadian dollar; Temporal method US dollar; Canadian dollar; Temporal method Canadian dollar; US dollar; Current method
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