A) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using historical rates.
B) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using average rates.
C) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using closing rates.
D) If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using closing rates.

Question

A) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using historical rates. 
B) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using average rates. 
C) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using closing rates. 
D) If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using closing rates.

Quizplus · Accepted Answer

The Answer of 
A) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using historical rates. 
B) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using average rates. 
C) If an organization is self-sustaining, non-monetary items recorded at cost must be translated using closing rates. 
D) If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using closing rates.

A) If an Organization Is Self-Sustaining, Non-Monetary Items Recorded at Cost