Definition of polymerization. 1 : a chemical reaction in which two or more molecules combine to form larger molecules that contain repeating structural units â compare association 5.
If the subsidiary's local currency is its functional currency, what total amount should be included in Tulip's balance sheet in U.S. dollars? A. $609,000.B. $658,000.C. $602,000.D. $630,000.E. $616,000.2. Sinkal Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Sinkal's functional currency was the stickle (Â§).
The functional currency rules were first introduced in the May 2, 2006 federal budget and received Royal Assent on December 14, 2007. Under these rules, eligible corporations can elect to report their Canadian tax results using a functional currency other than the Canadian dollar. In June, 2008, the government proposed a number of significant technical revisions to the rules, including. Audit â¢ Tax â¢ Advisory Â© Grant Thornton LLP.