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§).
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.