Question #120
Reading: Reading 10 Multinational Operations
PDF File: Reading 10 Multinational Operations.pdf
Page: 65
Status: Unattempted
Question
Under the current rate method, common stock is translated by using the:
Answer Choices:
A. rate that existed when the equity was issued
B. exchange rate as of the balance sheet date
C. present value of weighted average rate
Explanation
The historical rate is used.