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Which of the following represents an indicator that the functional currency is that of the subsidiary? Multiple Choice The sales market is mostly in the

Which of the following represents an indicator that the functional currency is that of the subsidiary? Multiple Choice

The sales market is mostly in the parent's country and sales contracts are denominated in the parent's currency.

Cash flows of the subsidiary are readily available for use by the parent company.

The subsidiary has an active local sales and distribution market for its products.

Labor and materials for the foreign entity's products or services are primarily purchased from the parent company.

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