The basic advantage of the ________ method of foreign currency translation is that foreign nonmonetary assets are carried at their original cost in the parent's consolidated statement

translation does not pass through the income statement.
A) monetary; current rate
B) temporal; current rate
C) temporal; monetary
D) current rate; temporal

Answer: D

Business

You might also like to view...

Which of the following is the action of laying off employees for economic or business reasons not related to employee performance?

A) at-will employment B) termination C) outplacement D) layoffs E) headhunting

Business

Identify the main difference between job order and process cost accounting

a. The manner in which costs are accumulated. b. The procedures for acquiring, controlling, and accounting for labor. c. The manner in which overhead costs are accumulated from various journals. d. The procedures for accounting for, and paying for materials.

Business