Which of the Following Methods for Translating Foreign Currency Financial

question 40

Multiple Choice

Which of the following methods for translating foreign currency financial statements is required under IAS 21?

• A) Current rate method.
• B) Temporal method.
• C) Current rate method or temporal method, depending on the functional currency of the subsidiary.
• D) Current rate method or temporal method must be chosen by management of the parent.

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Definitions:

Insecure Pattern

A recurring behavior or thought process stemming from feelings of insecurity, affecting relationships and decision-making.

Overdependence

The excessive reliance on someone or something, often to the point where it becomes unhealthy or problematic.

Self-Reliance

The ability to depend on oneself for needs and decisions without relying on external assistance.

Secondary Prevention

Efforts aimed at early detection and treatment of disease or injury to prevent more severe problems.