Which items in the balance sheet are subject to accounting exposure?
A)only assets
B)only liabilities and owners' equity
C)all accounts translated at historical exchange rates
D)all accounts translated at current exchange rates

Question

Quizplus · Accepted Answer

Accounting exposure, also known as translation exposure, affects all accounts translated at current exchange rates, as these are subject to changes in exchange rates that can impact the financial statements.

Which Items in the Balance Sheet Are Subject to Accounting