Which of the following methods for translating foreign currency financial statements is no longer allowed under U.S. GAAP?
A. Temporal method
B. Current/Noncurrent method
C. Current rate method
D. None of these methods are allowed under GAAP.
Answer:B
Which of the following methods for translating foreign currency financial statements is no longer allowed under U.S. GAAP?
A. Temporal method B. Current/Noncurrent method C. Current rate method D. None of these methods are allowed under GAAP.