Which of the Following Methods Translates Assets Valued in a Foreign

question 80

Multiple Choice

Which of the following methods translates assets valued in a foreign currency into the home-country currency using the exchange rate that exists when the assets are purchased?

• A)Temporal method
• B)Current rate method
• C)Operating cost accounting method
• D)Historic cost principle

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Definitions:

Gain Or Loss

A financial term indicating the positive or negative difference between the value of something at two different times.

BE

An acronym that could stand for various terms depending on context, such as "Base Excess" in blood gas analysis, indicating the excess or deficit in the amount of base in the blood.

X-Ray Images

Pictures obtained by using X-ray technology to visualize the internal structures of the body, aiding in medical diagnosis.

Screen Monitor

An electronic output device that displays information in pictorial form, usually used with computers.