Examlex
In plant communities today, leaf morphology is correlated with mean annual temperature, so paleobotanists use fossil leaf morphology to estimate the mean annual temperature of paleoclimates. However, the angiosperm fossil record contains an overabundance of samples fossilized near lakes or rivers where vines are especially common. Since vine leaves have a somewhat different association with temperature, use of data from vine-rich locations leads to mean average temperature estimates that are lower than actual recorded temperatures in modern plant communities. This potential bias in paleobotanical climate estimates is due to which type of bias in the fossil record? R. J. Burnham, N. C. A. Pitman, K. R. Johnson, and P. Wilf. 2001.
Habitat-related error in estimating temperature from leaf margins in a humid tropical forest. American Journal of Botany 88:1096-1102.)
Current-Rate Method
An accounting method used to convert the financial statements of a foreign subsidiary into the parent company’s reporting currency by applying the current exchange rate.
Temporal Method
An exchange rate conversion technique where monetary assets and liabilities are converted at historical rates, while non-monetary assets and liabilities are converted at the current rate.
Historical Rate
refers to the exchange rates used to convert foreign currency transactions or balances to the reporting currency based on the rates in effect at the dates of the transactions or balance sheet dates.
Non-Monetary Assets
Assets that are not held in the form of cash or cash equivalents, such as property, equipment, and intangible assets.
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