Question #3
Reading: Reading 10 Multinational Operations
PDF File: Reading 10 Multinational Operations.pdf
Page: 2
Status: Correct
Correct Answer: B
Question
Each of the following items is considered a monetary asset or liability account under the temporal method for foreign currency translation EXCEPT:
Answer Choices:
A. long-term debt
B. inventory
C. accounts payable
Explanation
The monetary asset and liability accounts under the temporal method are cash, accounts
receivable, accounts payable, and long-term debt.