
A) If an organization is self-sustaining, non-monetary items recorded at closing values must be translated using closing rates.
B) If an organization is self-sustaining, non-monetary items recorded at closing values must be translated using average rates.
C) If an organization is self-sustaining, non-Monetary items recorded at closing values must be translated using historical rates.
D) If an organization is considered an integrated foreign subsidiary non-monetary items recorded at closing values must be translated using average rates.
Correct Answer:
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