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§).
Determining the functional currency of a foreign entity requires a close look at the entity's cash flow. The FASB's Accounting Standards Codification states that an entity's primary economic environment is the one where the entity generates and spends cash.he first category includes those entities the operations of which are self-contained in a foreign economic environment and distinct from the parent entity. The functional currency for these foreign entities is the foreign currency.