Under the Temporal Approach,which Exchange Rate Is Used to Translate

question 10

Multiple Choice

Under the temporal approach,which exchange rate is used to translate most of the income statement items?

• A) Current exchange rate
• B) Historical exchange rate
• C) Average exchange rate for the period covered by the income statement.
• D) The firm has the right to choose any exchange rate that existed during the period covered by the income statement.

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Definitions:

Social And Intellectual Stimulation

The process of provoking thought, encouraging learning, and fostering social interactions through various activities or discussions.

Grapevine

An informal communication network within an organization, often characterized by rumor, gossip, and unofficial information.

Gossip

Informal communication that often involves information about other people that is not necessarily confirmed as true and which might include personal or private details.

Suggestion System

A formal method where employees can submit ideas or proposals to improve organizational processes or products.