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Dulcinea has a subsidiary operating in Spain. a. Assume that the subsidiary's functional currency is the Euro. What method would Dulcinea use to account for

Dulcinea has a subsidiary operating in Spain.

a. Assume that the subsidiary's functional currency is the Euro. What method would Dulcinea use to account for the restatement of their financial statements and wherein the financial statements would any adjustment be reported?

b. Assume that the subsidiary's functional currency is the US dollar. What method would Dulcinea use to account for the restatement of their financial statements and wherein the financial statements would any adjustment be reported?

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