Which of the following is a translation method where the gain or loss due to translation adjustment does not affect reported cash flows?
A) Current/noncurrent method
B) Current rate method
C) Current/future method
D) Short/long term method
Correct Answer:
Verified
Q31: The underlying principle of the current/noncurrent method
Q32: The underlying principle of the temporal method
Q33: The underlying principle of the current rate
Q34: The underlying principle of the current rate
Q35: The underlying principle of the monetary/nonmonetary method
Q37: Under the current rate method,
A)income statement items
Q38: Under the current/noncurrent method
A)a foreign subsidiary with
Q39: The underlying principle of the monetary/nonmonetary method
Q40: When using the current/noncurrent method,current assets are
Q41: FASB 8 is essentially the
A)current/noncurrent method.
B)monetary/nonmonetary method.
C)temporal
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