A U.S. parent company's foreign equity accounts are translated ...

[Medesa]

A U.S. parent company's foreign equity accounts are translated into dollars using the historical rate or average rate based on the company's discretion.
 
  Indicate whether the statement is true or false

Question 2

The statement of cash flows provides insight into a firm's operating, investment, and financing cash flows and reconciles them with changes in its cash and marketable securities during the period of concern.
 
  Indicate whether the statement is true or false

[Heffejeff]

Answer to Question 1

FALSE

Answer to Question 2

TRUE

[Medesa]

TYSM

[recede]

Excellent