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§).
QBU can choose which of the currencies to use as its functional currency. Â§ 1.985-1(c)(4). â¢ The functional currency of a QBU for U.S. GAAP ordinarily is accepted for tax purposes, provided the GAAP determination is based on similar factors. Â§ 1.985-1(c)(5). 15