The translation method in which current assets and liabilities are translated at current exchange rates and other assets, liabilities and owner's equity are translated at historical exchange rates is known as the
A) current-noncurrent method.
B) monetary-nonmonetary method.
C) temporal method.
D) current rate method.

Question

Quizplus · Accepted Answer

The current-noncurrent method translates current assets and liabilities at the current exchange rate and other assets, liabilities, and owner's equity at the historical exchange rate.

The Translation Method in Which Current Assets and Liabilities Are