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With the Temporal Method of Translation

Question 67

Multiple Choice

With the temporal method of translation:


A) all balance sheet items that are carried at current or future exchange prices are translated at the current exchange rate.
B) balance sheet items carried at past prices, such as fixed assets, are translated at the current exchange rate.
C) income statement items are translated at the current exchange rate.
D) income statement items are translated at historical exchange rates.

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