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  2. Topic
    Business
  3. Study Set
    International Accounting and Multinational Enterprises
  4. Exam
    Exam 10: Foreign Currency Transactions and Translation
  5. Question
    The Translation Method in Which Current Assets and Liabilities Are
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The Translation Method in Which Current Assets and Liabilities Are

Question 2

Question 2

Multiple Choice

The translation method in which current assets and liabilities are translated at current exchange rates and other assets, liabilities and owner's equity are translated at historical exchange rates is known as the


A) current-noncurrent method.
B) monetary-nonmonetary method.
C) temporal method.
D) current rate method.

Correct Answer:

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