Question #85
Reading: Reading 10 Multinational Operations
PDF File: Reading 10 Multinational Operations.pdf
Page: 47
Status: Unattempted
Correct Answer: A
Question
Which of the following general statements is CORRECT with respect to the temporal method? Monetary assets are:
Answer Choices:
A. translated at the current rate
B. translated at the average rate
C. not translated
Explanation
As a general rule in using the temporal method, monetary assets are translated using the
current rate.