After considering the Additional Facts, do you agree with HSI’s conclusion that the indefinite investment exception under ASC 740-30 should continue to be applied to historical undistributed earnincixgs at the end of 20X3?

Please follow the instructions attached in the Materials. There are 2 required questions on the attachment.
1. Do you agree with HSI’s conclusion that the indefinite investment exception under ASC 740-30 should continue to be applied?
2. After considering the Additional Facts, do you agree with HSI’s conclusion that the indefinite investment exception under ASC 740-30 should continue to be applied to historical undistributed earnincixgs at the end of 20X3?

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