Under the Temporal Method,what Is the Accounting Treatment for Exchange

question 25

Multiple Choice

Under the temporal method,what is the accounting treatment for exchange gains and losses arising from previous years?

• A)Reported as equity
• B)Reported in other comprehensive income
• C)Reported in consolidated net income
• D)Included in opening consolidated retained earnings

---

Definitions:

Abdominal Dressing

A sterile pad or compress applied to a wound in the abdominal area to protect it from infection and aid healing.

Demonstrates Change

Exhibits or shows variation or transformation in condition, behavior, or practice.

Ostomy Care

The care and maintenance required for an ostomy, a surgically created opening in the body for the discharge of body wastes.

Anxious Patient

A patient experiencing feelings of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.