When the current rate method is used, the sign (+ or -) of the translation adjustment is the result of:
A. appreciation or depreciation of the foreign currency
B. the nature of the balance sheet exposure
C. both (A) and (B)
D. None of the above
Answer:C
When the current rate method is used, the sign (+ or -) of the translation adjustment is the result of:
A. appreciation or depreciation of the foreign currency B. the nature of the balance sheet exposure C. both (A) and (B) D. None of the above