Multiple Choice
According to the temporal method of translation,
A) Transaction gains and losses are taken to income, but translation gains and losses are taken to the owners' equity section of the balance sheet.
B) Transaction and translation gains and losses are taken to the income statement.
C) Transaction and translation gains and losses are taken to the owners' equity section of the balance sheet.
D) Transaction gains and losses are taken to the owners' equity section of the balance sheet, but translation gains and losses are taken to the income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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