Which consideration would not be relevant in determining the entity’s functional currency? The currency in which receipts from operating activities are retained.   The currency in which finance or fund is generated   The currency that influences the cost of the entity.   The currency that the most internationally acceptable for trading

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 8E
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  1. Which consideration would not be relevant in determining the entity’s functional currency?




The currency in which receipts from operating activities are retained.

 

The currency in which finance or fund is generated

 

The currency that influences the cost of the entity.

 

The currency that the most internationally acceptable for trading

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