Which method is used for remeasuring a foreign subsidiary's financial statements?
A) Historical rate method.
B) Working capital method.
C) Current rate method.
D) Translation.
E) Temporal method.

Question

Quizplus · Accepted Answer

The temporal method is used for remeasuring a foreign subsidiary's financial statements when the subsidiary's functional currency is the same as the parent's currency.

Which Method Is Used for Remeasuring a Foreign Subsidiary's Financial