In cases of operations located in highly inflationary economies: Multiple Choice The reporting currency of the US. parent-the US. dollar-should be used as the foreign entity's functional currency None of the choices are correct The foreign currency should be used as the functional currency with a single line item-foreign translation-reporting the adjustmer dollar as the functional currency The foreign currency should be used as the functionat currency with o footnote to the financials displaying what the earnings would hav US. dollar es the functional currency