Definition of polymerization. 1 : a chemical reaction in which two or more molecules combine to form larger molecules that contain repeating structural units â compare association 5.
If the subsidiary's local currency is its functional currency, what total amount should be included in Tulip's balance sheet in U.S. dollars? A. $609,000.B. $658,000.C. $602,000.D. $630,000.E. $616,000.2. Sinkal Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Sinkal's functional currency was the stickle (Â§).
Foreign currency translation. Foreign currency translation is used to convert the results of a parent company's foreign subsidiaries to its reporting currency. This is a key part of the financial statement consolidation process. The steps in this translation process are as follows:1  Determine the functional currency of the foreign entity.2  Remeasure the financial statements of the foreign entity into the reporting currency of the parent company.his is a key part of the financial statement consolidation process. The steps in this translation process are as follows: 1  Determine the functional currency of the foreign entity. 2  Remeasure the financial statements of the foreign entity into the reporting currency of the parent company.