Indicate which of the following exchange rates would be used to translate or remeasure the accounts listed below.
Code
C = Current rate (at balance sheet date)
C-R = Current rate (when recognized in the income statement)
H = Historical rate
A = Average rate (for the year)
R = Reciprocal amount
O = Other (explain this one)
N/A = Not applicable

Question

Quizplus · Accepted Answer

The Answer of Indicate which of the following exchange rates would be used to translate or remeasure the accounts listed below.
Code
C = Current rate (at balance sheet date)
C-R = Current rate (when recognized in the income statement)
H = Historical rate
A = Average rate (for the year)
R = Reciprocal amount
O = Other (explain this one)
N/A = Not applicable

Indicate Which of the Following Exchange Rates Would Be Used