Question 2 Which of the following is an additional question to be asked in determining whether a foreign entitys functional currency is the same as that of the reporting entity? Are the foreign operations activities carried out as an extension of the reporting entity, rather than being carried out with a significant degree of autonomy? Do the cash flows from the foreign operations activities directly affect the reporting entitys cash flows? All of the above. Are the transactions with the reporting entity a high or low proportion of the foreign operations activities?