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§).
1 The functional currency is the reporting entityâs in the first case, and the local currency in the later. 2  Proportion of cash flows. 3  Whether cash flows from the foreign operation directly affect the cash flows of the reporting entity, and are available for remittance. 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.