If the Functional Currency of the Foreign Operation Is the Same

Multiple Choice

If the functional currency of the foreign operation is the same as the parent's functional currency, which of the following statements is correct?

A) The foreign operation's financial statements are translated using the functional currency translation (FCT) method.
B) The foreign operation's financial statements are translated using the presentation currency translation (PCT) method.
C) The foreign operation is classified as a foreign affiliate.
D) The investment in the foreign operation is classified as a non-monetary asset.