Question 25:
Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of Company XYZ`s subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc. Which process produces USD balances for Company IOU?
Answer options:
A. translation of Company XYZ to Parent Currency B. A consolidation of Company 123 C. A consolidation of Company XYZ D. A translation to the USD_Reporting currency member for Company IOU