Under the current-rate method, which of the following items would be translated using the historical rate?
A)Land
B)Inventory
C)Long-term debentures
D)Share capital

Name: Under the current-rate method, which of the following items would be translated using the historical rate? A)Land B)Inventory C)Long-term debentures D)Share capital
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Question

Quizplus · Accepted Answer

Share capital is translated using the historical rate under the current-rate method because it reflects the exchange rate at the time the equity was issued.

Under the Current-Rate Method, Which of the Following Items Would