Which exchange rates are used for foreign subsidiaries with different functional currencies? Using the following abbreviations identify which of the below are correct methods for converting accounts receivable.
Year-end rates: YE
Average rates: AR
Historical rates: HR $$\begin{array} { | c | c | c | }
\hline & \text { Temporal } & \text { Current Rate } \
\hline \text { A) } & \text { AR } & \text { AR } \
\hline \text { B) } & \text { YE } & \text { YE } \
\hline \text { C) } & \text { YE } & \text { AR } \
\hline \text { D) } & \text { HR } & \text { YE } \
\hline
\end{array}$$

Question

Which exchange rates are used for foreign subsidiaries with different functional currencies? Using the following abbreviations identify which of the below are correct methods for converting accounts receivable.
Year-end rates: YE
Average rates: AR
Historical rates: HR $$\begin{array} { | c | c | c | } 
\hline & \text { Temporal } & \text { Current Rate } \
\hline \text { A) } & \text { AR } & \text { AR } \
\hline \text { B) } & \text { YE } & \text { YE } \
\hline \text { C) } & \text { YE } & \text { AR } \
\hline \text { D) } & \text { HR } & \text { YE } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Which exchange rates are used for foreign subsidiaries with different functional currencies? Using the following abbreviations identify which of the below are correct methods for converting accounts receivable.
Year-end rates: YE
Average rates: AR
Historical rates: HR $$\begin{array} { | c | c | c | } 
\hline & \text { Temporal } & \text { Current Rate } \
\hline \text { A) } & \text { AR } & \text { AR } \
\hline \text { B) } & \text { YE } & \text { YE } \
\hline \text { C) } & \text { YE } & \text { AR } \
\hline \text { D) } & \text { HR } & \text { YE } \
\hline
\end{array}$$

Which Exchange Rates Are Used for Foreign Subsidiaries with Different