Average March sea temperatures Monthly Alicante water temperature chart The bar chart below shows the average monthly sea temperatures at Alicante over the year.
An entity's functional currency is the currency of the primary economic environment in which that entity operates. The functional currency can be the dollar or a foreign currency depending on the facts. Normally, it will be the currency of the economic environment in which cash is generated and expended by the entity.An entity can be any form of operation, including a subsidiary, division, branch, or joint venture.he functional currency can be the dollar or a foreign currency depending on the facts. Normally, it will be the currency of the economic environment in which cash is generated and expended by the entity.
A. Briefly describe the âcurrentâ method. The current method is used when the foreign subsidiary is operating on a foreign currency basis and maintaining its accounting records on a foreign currency basis. As a result, the subsidiary would be unaffected by any changes in the foreign currency exchange rate.The current method is based on the idea that the foreign subsidiary operates as a relatively separate entity from the US parent company and keeps its accounting records in a foreign currency by choice.s a result, the subsidiary would be unaffected by any changes in the foreign currency exchange rate. The current method is based on the idea that the foreign subsidiary operates as a relatively separate entity from the US parent company and keeps its accounting records in a foreign currency by choice.