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?
A.
Revaluation
B.
Translation
C.
Conversion
D.
Observation
E.
Alteration