Converting an international subsidiary accounts

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Reference no: EM131264451

U.S. GAAP for converting an international subsidiary’s accounts to the parent’s currency follow from what basic objective?

A) Minimize the impact on consolidated net income

B) Minimize the complexity of consolidation eliminating entries required

C) Preserve the subsidiary’s financial results and relationships as depicted in the parent’s currency

D) Preserve the subsidiary’s financial results and relationships as depicted in its functional currency

Reference no: EM131264451

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