_____ A translation method that fits under the foreign currency unit of measure approach is
A) The monetary-nonmonetary method.
B) The current-noncurrent method.
C) The current rate method.
D) The temporal method.
E) None of the above.

Question

Quizplus · Accepted Answer

The current rate method is a translation method used under the foreign currency unit of measure approach, where all assets and liabilities are translated at the current exchange rate.

_____ a Translation Method That Fits Under the Foreign Currency