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Which of the represents an indicator

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Reference no: EM132971246

Problem 1: Which of the following represents an indicator that the functional currency is that of the subsidiary?

Multiple Choice

Option 1: The sales market is mostly in the parent's country and sales contracts are denominated in the parent's currency.
Option 2: The subsidiary has an active local sales and distribution market for its products.
Option 3: Labor and materials for the foreign entity's products or services are primarily purchased from the parent company.
Option 4: Cash flows of the subsidiary are readily available for use by the parent company.

Reference no: EM132971246

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