Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using historical rates.
• B)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using average rates.
• C)If an organization is self-sustaining,non-monetary items recorded at cost must be translated using closing rates.
• D)If an organization is considered an integrated foreign subsidiary non-monetary items recorded at cost must be translated using closing rates.