Which of the Following Statements About Non-Monetary Assets Is True

question 43

Multiple Choice

Which of the following statements about non-monetary assets is true?

• A)Under the temporal method, non-monetary assets are translated at the closing rate.
• B)Under the temporal method, non-monetary assets are translated at the average rate.
• C)Under the current-rate method, non-monetary assets are translated at the historical rate.
• D)Under the current-rate method, non-monetary assets are translated at the closing rate.