A U.S. parent has a subsidiary in Singapore. If the parent's functional currency is the U.S. dollar and the subsidiary's functional currency is the Singapore dollar, the consolidation process involves:

A.Both remeasurement and translation

B.No conversion to another currency

C.Only translation

D.Only remeasurment

A U.S. parent has a subsidiary in Singapore. If the parent's functional currency is the U.S. dollar and the subsidiary's functional currency is the U.S. dollar, the consolidation process involves:

A.Both remeasurement and translation

B.No conversion to another currency

C.Only translation

D.Only remeasurment

A U.S. parent has a wholly-owned subsidiary in Switzerland. The subsidiary's accounts are reported in Swiss francs. Under what circumstances will the U.S. parenttranslatethe subsidiary's accounts from Swiss francs to U.S. dollars?

A.The subsidiary's functional currency is the U.S. dollar.

B.Switzerland has a highly inflationary economy.

C.The subsidiary's functional currency is the Swiss franc.

D.The subsidiary's functional currency is a currency other than the Swiss franc or the U.S. dollar.