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According to FASB ASC 8 3 0 , Foreign Currency Matters, which of the following conditions would indicate that a foreign subsidiary's functional currency is
According to FASB ASC Foreign Currency Matters, which of the following conditions would indicate that a foreign subsidiary's functional currency is the foreign currency?
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Sales price not affected by changes in exchange rate in the shortrun
High volume of intercompany transactions
Sales in the local market not significant
Most of the subsidiary's financing comes from the parent
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