Under FASB ASC 830, Foreign Currency Matters, what group is responsible for determining the functional currency of a foreign subsidiary?
A. Financial Accounting Standards Board
B. International Accounting Standards Board
C. Securities and Exchange Commission
D. Company management
Answer:D
Under FASB ASC 830, Foreign Currency Matters, what group is responsible for determining the functional currency of a foreign subsidiary?
A. Financial Accounting Standards Board B. International Accounting Standards Board C. Securities and Exchange Commission D. Company management