Business, 13.08.2021 02:50 brodycruce
The basic advantage of the method of foreign currency translation is that foreign nonmonetary assets are carried at their original cost in the parent's consolidated statement while the most important advantage of the method is that the gain or loss from translation does not pass through the income statement.
A) monetary; current rate
B) current rate; temporal
C) temporal; monetary
D) temporal; current rate
Answers: 2
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The basic advantage of the method of foreign currency translation is that foreign nonmonetary asset...
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