When accounting for a non-free-standing foreign subsidiary,translation exchange rates are accounted for using the temporal method which involves reporting all revenue accounts at the

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The temporal method involves reporting all revenue accounts at the rate at the time of the transaction, which is also known as the historical rate. However, for clarity, the most accurate term used in the context of the temporal method is "rate at time of transaction" for revenues and expenses.

When Accounting for a Non-Free-Standing Foreign Subsidiary,translation Exchange Rates Are