A U.S. parent has a subsidiary located in Hong Kong. In which situation will the U.S. parent
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A U.S. parent has a subsidiary located in Hong Kong. In which situation will the U.S. parent remeasure the financial statements of the subsidiary from Hong Kong dollars to U.S. dollars?
- The level of inflation in Hong Kong is extremely high.
- The subsidiary borrows money from Hong Kong banks.
- The subsidiary's customers are mostly located in Hong Kong.
- The subsidiary buys most of its merchandise from Hong Kong suppliers.
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