_____ Under the temporal method of translation, which of the following occurs?
A) All income statement accounts are expressed in dollars by using exchange rates in effect when the items were recognized in the income statement.
B) The effects of exchange rate changes are reported currently in the income statement.
C) The "translation" process must be used.
D) The current rate method must be used.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of _____ Under the temporal method of translation, which of the following occurs?
A) All income statement accounts are expressed in dollars by using exchange rates in effect when the items were recognized in the income statement.
B) The effects of exchange rate changes are reported currently in the income statement.
C) The "translation" process must be used.
D) The current rate method must be used.
E) None of the above.

_____ Under the Temporal Method of Translation, Which of the Following