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Which of the following would indicate that the foreign currency is the subsidiary's functional currency? a. Sales market is mostly in the parent's country. b.
Which of the following would indicate that the foreign currency is the subsidiary's functional currency?
a. Sales market is mostly in the parent's country.
b. Expenses are primarily costs for components obtained from parent's country.
c. Financing is primarily provided by the parent.
d. There is an active local sales market.
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