24周年

財(cái)稅實(shí)務(wù) 高薪就業(yè) 學(xué)歷教育
APP下載
APP下載新用戶掃碼下載
立享專屬優(yōu)惠

安卓版本:8.7.50 蘋果版本:8.7.50

開發(fā)者:北京正保會(huì)計(jì)科技有限公司

應(yīng)用涉及權(quán)限:查看權(quán)限>

APP隱私政策:查看政策>

HD版本上線:點(diǎn)擊下載>

2016年美國(guó)CPA練習(xí)題精選:Financial 61

來(lái)源: 正保會(huì)計(jì)網(wǎng)校 編輯: 2016/12/13 18:37:25 字體:

 Under U.S. GAAP, in preparing consolidated financial statements of a U.S. parent company with a foreign subsidiary, the foreign subsidiary's functional currency is the currency:

a. In which the subsidiary maintains its accounting records.

b. Of the country in which the parent is located.

c. Of the environment in which the subsidiary primarily generates and expends cash.

d. Of the country in which the subsidiary is located.

答案:C

Explanation

Choice "c" is correct. The foreign subsidiary's functional currency is the currency of the environment in which the subsidiary primarily generates and expends cash.

Rule: The functional currency of a company may be:

1.A foreign entity's local currency, which is typically the one in which the entity keeps its books;

2.The currency in which the financial statements will be presented, which is the currency of the parent company; or

3.A foreign currency other than the one in which the foreign entity maintains its books.

Rule: The functional currency of an entity generally depends upon the environment in which the entity generates and expends cash (unless there is a requirement by law to use another currency), which may be any of the above three. However, the functional currency cannot be the local currency if the foreign entity operates in a highly inflationary environment (i.e., approximately 100% over three years).

Choices "a", "d", and "b" are incorrect, any of which could be considered a functional currency, given the proper circumstances. The definition of a functional currency is given in the correct selection, "c".

我要糾錯(cuò)】 責(zé)任編輯:小明

免費(fèi)試聽

  • 章小炎《財(cái)務(wù)會(huì)計(jì)與報(bào)告》

    章小炎主講:《財(cái)務(wù)會(huì)計(jì)與報(bào)告》免費(fèi)聽

  • 李向祎《審計(jì)與鑒證》

    李向祎主講:《審計(jì)與鑒證》免費(fèi)聽

限時(shí)免費(fèi)資料

  • 美國(guó)注冊(cè)會(huì)計(jì)師思維導(dǎo)圖

    思維導(dǎo)圖

  • 美國(guó)注冊(cè)會(huì)計(jì)師學(xué)習(xí)計(jì)劃

    學(xué)習(xí)計(jì)劃

  • 美國(guó)注冊(cè)會(huì)計(jì)師科目特點(diǎn)

    科目特點(diǎn)

  • 美國(guó)注冊(cè)會(huì)計(jì)師報(bào)考指南

    報(bào)考指南

  • 美國(guó)注冊(cè)會(huì)計(jì)師歷年樣卷

    歷年樣卷

  • USCPA常用財(cái)會(huì)英語(yǔ)詞匯

    財(cái)會(huì)英語(yǔ)

回到頂部
折疊
網(wǎng)站地圖

Copyright © 2000 - galtzs.cn All Rights Reserved. 北京正保會(huì)計(jì)科技有限公司 版權(quán)所有

京B2-20200959 京ICP備20012371號(hào)-7 出版物經(jīng)營(yíng)許可證 京公網(wǎng)安備 11010802044457號(hào)