The Basic Advantage of the ________ Method of Foreign Currency

question 18

Multiple Choice

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) temporal; current rate
• C) temporal; monetary
• D) current rate; temporal

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Definitions:

Component Statements

The individual statements that make up a more complex statement or argument, often found within logical connectives.

Connective(s)

Logical operators that connect propositions in a logical formula or statements, such as "and," "or," "not."

Symbolic Notation

Usage of characters and symbols to represent operations, functions, or propositions in mathematics or logic.

Symbolic Notation

A system of symbols used to represent numbers, quantities, tones, or elements in a mathematical, scientific, or music composition.