Which conversion rate should be used to translate foreign currency monetary balances at the end of a fiscal period?
A) Foreign currency exchange rates at the end of the fiscal period.
B) Weighted-average foreign currency exchange rates for the fiscal period.
C) Beginning and end of the fiscal period average foreign currency exchange rates.
D) No adjustment is necessary as the transactions have already been reflected in the financial statements.

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The Answer of Which conversion rate should be used to translate foreign currency monetary balances at the end of a fiscal period?
A) Foreign currency exchange rates at the end of the fiscal period.
B) Weighted-average foreign currency exchange rates for the fiscal period.
C) Beginning and end of the fiscal period average foreign currency exchange rates.
D) No adjustment is necessary as the transactions have already been reflected in the financial statements.

Which Conversion Rate Should Be Used to Translate Foreign Currency