Translation principles in many countries require the use of historical exchange rates for current assets, current liabilities, and income accounts

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: Translation principles in many countries require the use of CURRENT exchange rates for current assets, current liabilities, and income accounts.

Business

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A T-account is

a. a way of depicting the basic form of an account. b. a special account used instead of a journal. c. a special account used instead of a trial balance. d. used for accounts that have both a debit and credit balance.

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Value-added incentives are designed to:

A) attract attention B) provide shipment information C) change purchasing habits over the long term D) change short-term buying decisions

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