The current-noncurrent method fits under the U.S. dollar unit of measure approach.

Question

Quizplus · Accepted Answer

The current-noncurrent method, used in accounting for foreign currency translation, fits under the U.S. dollar unit of measure approach as it involves translating current assets and liabilities at the current exchange rate, while non-current assets and liabilities are translated at historical rates, all of which are denominated in U.S. dollars.

The Current-Noncurrent Method Fits Under the U