Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 46

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.