Which of the following indicates that the functional currency of a foreign subsidiary is the US dollar? Group of answer choices
a) Cash flows of the foreign entity do not immediately affect the US parent's cash flow.
b) Financing is primarily denominated in foreign currencies.
c) Sales markets of the foreign entity are primarily in foreign countries.
d) The volume of intraentity transactions is high. Labor, materials, and other costs consist primarily of local costs to the foreign affiliate.
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