Question: Monity Tech Corporation is a U . S . - based parent company with a subsidiary ( Omega Solutions ) based in Ireland. If Omega

Monity Tech Corporation is a U.S.-based parent company with a subsidiary (Omega Solutions) based in Ireland. If Omega Solution's functional currency is the euro, Omega should
Multiple choice question.
use the historical exchange rate for the translation of the financial statements.
remeasure the financial statements in U.S. dollars.
use translation to restate the financial statements in U.S. dollars.
restate the financial statements to account for any change in the functional currency.

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