_____ refers to a method of foreign currency translation that uses exchange rates based on the rate at which the assets and liabilities were originally acquired or incurred.
A)Hedging process
B)Current-rate method
C)Monte Carlo method
D)Temporal method
E)Markov process

Question

Quizplus · Accepted Answer

The temporal method of foreign currency translation uses historical exchange rates for translating the financial statements of a foreign entity. This method applies the exchange rates at the dates of the original transactions for assets, liabilities, revenues, and expenses.

_____ Refers to a Method of Foreign Currency Translation That