Oracle
1Z0-516 · Question #435
AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates…
The correct answer is B. Translation. See the full explanation below for the reasoning.
Question
AB Company in the United Kingdom is a subsidiary of ABC Company in the United States. The majority of transactions done by AB Company are entered in GBP. At the end of the year, AB Company restates all its ledgers or balances to report at the headquarters in the US. What is this process called?
Options
- ARevaluation
- BTranslation
- CConversion
- DObservation
- EAlteration
How the community answered
(25 responses)- A12% (3)
- B76% (19)
- C4% (1)
- E8% (2)
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