Which of the Following Methods for Translating Foreign Currency Financial

question 52

Multiple Choice

Which of the following methods for translating foreign currency financial statements require to be used under IAS 21?

• A)Current/Noncurrent method
• B)Monetary/Nonmonetary method
• C)Temporal method
• D)All of the above may be used under IAS 21.

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Definitions:

Shaping

The process of reinforcing successively closer approximations to a desired behavior, used in behavioral training and conditioning.

Delayed Reinforcement

A technique in behavior modification that involves a time delay between the desired response of an organism and the delivery of reward.

Classical Conditioning

An educational approach where two stimuli are persistently paired; the response, initially the result of the second stimulus, eventually becomes the result of the first stimulus alone.

Operant Conditioning

A process of learning in which the dynamics of behavior are adjusted by assigning incentives or penalties.