One of the basic issues in translating foreign currency financial statements of foreign subsidiaries into us dollars is the determination of the functional currency. which of the following indicates that the functional currency of a foreign subsidiary is the us dollar?

a. translated
b. current rate
c. temporal
d. functional

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability