Question #93
Reading: Reading 10 Multinational Operations
PDF File: Reading 10 Multinational Operations.pdf
Page: 51
Status: Unattempted
Question
At what exchange rate are revenues and accounts receivable translated under the current rate method? Revenues Accounts receivable
Answer Choices:
A. Average rate Historical rate
B. Average rate Current rate
C. Current rate Current rate
Explanation
Under the current rate method, revenues are translated at the average rate; accounts
receivable are translated at the current rate.