Question: Under the U . S . method of translation procedures, if the financial statements of the foreign subsidiary of a U . S . company

Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in the local currency, and the U.S. dollar is the functional currency, then translation is not required. translation is accomplished through the current rate method. translation is accomplished through the temporal method. none of the above.

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