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Under the Functional Currency Translation (FCT) Method, Which of the Following

Question 15

Multiple Choice

Under the functional currency translation (FCT) method, which of the following statements is correct?


A) The relationship of balance sheet items is best preserved.
B) A single historic rate is used to translate all income statement items.
C) A net asset exposure is most likely.
D) Historic rates are used to translate most non-monetary items.

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