Regardless of the functional currency, retained earnings are translated at:
A. their market value based on recent stock price.
B. the rate in effect when the earnings were posted.
C. the rate in effect the day of consolidation.
D. a reasonable rate of the company's choice.
Companies in the United States, Canada, and the United Kingdom tend to:
A. rely on equity more than do companies in most other countries.
B. depend on debt more than do companies in other countries.
C. divide their equity and debt almost evenly.
D. rely on retained earnings more than do companies in most other countries.
(p. 139)-Renewable energy sources:
A. will replace fossil fuels, due to price, depletion, or carbon emissions.
B. are growing at greater rates than the nonrenewables in the United States and Europe.
C. A and B.
D. are all available everywhere.