Which of the following methods for translating foreign currency financial statements require to be used under IAS 21?
A)Current/Noncurrent method
B)Monetary/Nonmonetary method
C)Temporal method
D)All of the above may be used under IAS 21.

Question

Quizplus · Accepted Answer

The Temporal method is a method recognized under IAS 21 for translating foreign currency financial statements. The Current/Noncurrent and Monetary/Nonmonetary methods are not specifically recognized under IAS 21.

Which of the Following Methods for Translating Foreign Currency Financial