Under the current rate method, which accounts are translated using current excha

Question

Under the current rate method, which accounts are translated using current exchange rates? A) all stockholders equity B) all current assets and deferred income C) all revenue and expenses D) all assets and liabilities E) cash, receivables, and most liabilities Under the current rate method, which accounts are translated using current exchange rates? A) all stockholders equity B) all current assets and deferred income C) all revenue and expenses D) all assets and liabilities E) cash, receivables, and most liabilities A) all stockholders equity B) all current assets and deferred income C) all revenue and expenses D) all assets and liabilities E) cash, receivables, and most liabilities

Explanation / Answer

Under the Current rate method, we can adjust cash, Receivable and most liabilities becasue these are the shown at the current price only.

Answer = Option E = cash, receivables, and most liabilities

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