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Determining the functional currency

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Reference no: EM13259457

Selvey inc is a completely owned subsidiary of parsfield incorporated a us firm. The country where selvey operates is deemed to have a highly inflationary economy under FASB statement no. 52. Therefore,the functional currency is :

a. its reporting currency
b.its current rate method currency
c. the us dollar
d. its local currency

Reference no: EM13259457

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