Exam (elaborations)
CBA 300 - CH 15 Questions And Answers Latest Update
- Course
- CBA 300
- Institution
- California State University, Long Beach
CBA 300 - CH 15 Questions And Answers Latest Update
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2024/2025CBA 300 - CH 15 Questions And
Answers Latest Update
Consolidation ANS✔✔ The process of translating subsidiary results and aggregating them into one
financial report
Current Rate Method ANS✔✔ An approach in foreign currency translation in which assets and
liabilities are valued at current spot rates.
Temporal Method ANS✔✔ An approach in foreign currency translation in which monetary
accounts are valued at the spot rate and accounts carried at historical cost are translated at their
historic exchange rates.
Functional Currency ANS✔✔ The primary currency of a business
American Depository receipts ( ADR's) ANS✔✔ Foreign shares held by a custodian, usually a US
bank, in the issuers home market and traded in dollars on the US exchange.
Offshore financial center ANS✔✔ Location that specialized in financing nonresidents, which low
taxes and few banking regulations.
Fronting Loan ANS✔✔ A loan made through an intermediary, usually a bank, from parent
company to subsidiary.
Transfer Pricing ANS✔✔ pricing that is established for transactions between members of the
enterprise.
Hedge ANS✔✔ To hole assets ( to take a position) in one market in order to offset exposure to
price changes in an opposite position.
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