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Sydney Ltd has a foreign subsidiary, Mamana Ltd based in Philippines. In accounting for translation of financial statements of Mamana Ltd, which of the following
Sydney Ltd has a foreign subsidiary, Mamana Ltd based in Philippines. In accounting for translation of financial statements of Mamana Ltd, which of the following is not.an economic indicator when determining the functional currency? A
A whether Mamana Ltd operates as an extension of Sydney Ltd
B whether Mamana Ltd's cash flows directly affect the cash flows of Sydney Ltd C
the nuimber of inter-entity transactions happened between Sydney Ltd and Mamana Ltd D
whether Sydney Ltd has another investment in the same country as Mamana Ltd
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