Question: answer as per Ind AS FR FR S-2: Small India Private Limited, a subsidiary of Big Inc.. takes orders from Indian customers for Big's merchandise
answer as per Ind AS FR

FR
S-2: Small India Private Limited, a subsidiary of Big Inc.. takes orders from Indian customers for Big's merchandise and then bills and collects for the sale of the merchandise. Small also has a local warehouse in India to facilitate timely delivery and ensures that it remits to its parent all cash flows that it generates as the operations of Small are primarily financed by Big Inc. What is Small's functional currency? S-2: Small India Private Limited, a subsidiary of Big Inc.. takes orders from Indian customers for Big's merchandise and then bills and collects for the sale of the merchandise. Small also has a local warehouse in India to facilitate timely delivery and ensures that it remits to its parent all cash flows that it generates as the operations of Small are primarily financed by Big Inc. What is Small's functional currency
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
