Revenues and expenses denominated in a foreign currency, if assumed to be earned or incurred evenly during the financial period, and translated using the:
A) exchange rate at the beginning of the financial period.
B) exchange rate at the end of the financial period.
C) average exchange rate for the financial period.
D) exchange rate at the transaction date.

Question

Quizplus · Accepted Answer

The Answer is C

Revenues and Expenses Denominated in a Foreign Currency, If Assumed