The simplest of all translation methods to apply is
A)current/noncurrent method.
B)monetary/nonmonetary method.
C)temporal method.
D)current rate method.

Question

Quizplus · Accepted Answer

The current rate method is the simplest of all translation methods as it uses the current exchange rate to translate foreign currency financial statements into the reporting currency. It does not require adjustments for inflation or changes in exchange rates. Therefore, choice D is the best option.

The Simplest of All Translation Methods to Apply Is