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.
Determining the functional currency of a foreign entity requires a close look at the entity's cash flow. The FASB's Accounting Standards Codification states that an entity's primary economic environment is the one where the entity generates and spends cash.he first category includes those entities the operations of which are self-contained in a foreign economic environment and distinct from the parent entity. The functional currency for these foreign entities is the foreign currency.