_____ refers to a method of foreign currency translation in which items in the subsidiaries' financial statements are translated at the current exchange rate into the currency of the parent corporation.
A)Hedging process
B)Current-rate method
C)Monte Carlo method
D)Temporal method
E)Markov process

Question

Quizplus · Accepted Answer

The current-rate method involves translating all items in the subsidiaries' financial statements at the current exchange rate into the currency of the parent corporation.

_____ Refers to a Method of Foreign Currency Translation in Which