Which of the following methods uses the current exchange rate to consolidate all accounts of a foreign subsidiary into the financial statements of its parent?
A. current rate method
B. temporal method
C. current/noncurrent method
D. none of the above
Answer:D
Which of the following methods uses the current exchange rate to consolidate all accounts of a foreign subsidiary into the financial statements of its parent?
A. current rate method B. temporal method C. current/noncurrent method D. none of the above