Which of the following methods for translating foreign currency financial statements attempts to produce consolidated financial statements as if a foreign subsidiary had actually used the parent company's currency for all its transactions?

a. Current/Non-current method
b. Monetary/Non-monetary method
c. Current rate method
d. Temporal method
e. Either current rate or temporal method

Question

15-06-2024
Business

Answered

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Which of the following methods for translating foreign currency financial statements attempts to produce consolidated financial statements as if a foreign subsidiary had actually used the parent company's currency for all its transactions?

a. Current/Non-current method
b. Monetary/Non-monetary method
c. Current rate method
d. Temporal method
e. Either current rate or temporal method

Sagot :

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