Which of the following statements is correct?
A)If an organization is self-sustaining,monetary items must be translated using closing rates.
B)If an organization is self-sustaining,monetary items must be translated using average rates.
C)If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using average rates.

Question

Quizplus · Accepted Answer

The Answer is A

Which of the Following Statements Is Correct