1. Identify several specific factors that would suggest that the U.S. dollar is the functional currency in spite of the fact regarding local expenses. 2. For each of the following compute the...

1. Identify several specific factors that would suggest that the U.S. dollar is the functional currency in spite of the fact regarding local expenses.

2. For each of the following compute the remeasured amount to be included as a component of the subsidiary’s net income measured in its functional currency.