The temporal method requires specific assets and liabilities to be translated at so-called historic exchange rates and that foreign-exchange translation gains or losses be reflected in the current year's income.

Question

Quizplus · Accepted Answer

The temporal method does require specific assets and liabilities to be translated at historic exchange rates and foreign-exchange translation gains or losses are reflected in the current year's income.

The Temporal Method Requires Specific Assets and Liabilities to Be