A receivable or payable is in a foreign currency if it is to be in that currency a. denominated, settled b. amortized, depleted c. depleted, amortized d. none of the above The parent's Investment in Subsidiary Company account balance sheet in the consolidated a. usually b. sometimes c. does not d. must The differential between the fair value of the consideration given and the book value of the acquiree's net identifiable assets is referred to as a(n) a. depletion b. overpayment c. accumulated amortization d. differential bsidiary's products are sold in its local market at prices denominated in its local currency is the functional currency of the subsidiary currency, then a. the local b. a foreign c. the local and foreign d. none of the above is the exchange rate at the end of the trading day on the balance sheet date The a. current rate b. historical rate c. average rate the indirect exchange rate for French francs is 6 francs $1, w I at amount shoul o sales on a U.S. Company's records if a sale is made to a French company for 60,000 d none of the above a. $360,000 b. $60,000 c. $10,000 $6,000