Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

تمرين 51

Which of the following statements is true for the translation process (as opposed to remeasurement)
a. A translation adjustment can affect consolidated net income.
b. Equipment is translated at the historical exchange rate in effect at the date of its purchase.
c. A translation adjustment is created by the change in the relative value of a subsidiary's net assets caused by exchange rate fluctuations,
d. A translation adjustment is created by the change in the relative value of a subsidiary's monetary assets and monetary liabilities caused by exchange rate fluctuations.