Under the temporal method,all revenue and expense items are translated at:
A) historical rate.
B) average rate.
C) either historical or average rate.
D) none of the above.

Question

Quizplus · Accepted Answer

Under the temporal method, assets and liabilities are translated using the current exchange rate, while revenue and expense items are translated using either the historical rate or the average rate, depending on the circumstances. Therefore, choice C is the correct answer.

Under the Temporal Method,all Revenue and Expense Items Are Translated