Oracle
1Z0-516 · Question #111
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their…
The correct answer is C. revaluing foreign currency balances. See the full explanation below for the reasoning.
Question
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?
Options
- Aopening the next period
- Bclosing the current period
- Crevaluing foreign currency balances
- Dtranslating to the functional currency
- Econsolidating to the parent set of books
How the community answered
(65 responses)- A2% (1)
- B9% (6)
- C82% (53)
- D5% (3)
- E3% (2)
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