Using the current rate,equity accounts are translated
A) using the historical rates of the transaction.
B) using current rates, just as in assets and liabilities.
C) using market rates (real estate market, stock market) .
D) only when they are liquidated, and then at current rates.
Correct Answer:
Verified
Q66: The two methods of currency translation are
A)
Q67: The SEC allows
A) foreign companies to list
Q68: The purpose of accounting is
A) influenced by
Q69: The International Accounting Standards Board (IASB)represents the
Q70: According to the S.Gray,in the values related
Q72: Accounting data generated in foreign subsidiaries are
Q73: If a sale made in a foreign
Q74: Countries that value privacy or secrecy over
Q75: FASB 52 requires that companies record foreign
Q76: The functional currency is
A) the primary currency
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents