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§).
When determining the functional currency of an entityâs foreign operation, consider the following factors: 1  Autonomy. 2  Whether the operation is essentially an extension of the reporting entity, or it can operate with a significant degree of autonomy. The functional currency is the reporting entityâs if so, and the local currency if not. 2  Debt service. 3  Whether a foreign operationâs cash flows can service its debt obligations without funds transfers from the reporting entity.