Translating foreign subsidiary income statements

Assignment Help Accounting Basics
Reference no: EM13259380

When translating foreign subsidiary income statements using the current rate method why are some accounts translated at an average rate?

a. this approach improves matching.

b. this approach accentuates the conservatism principle.

c. this approach smoothes out highly volatile exchange rate fluctuations.

d. this approach approximates the effect of transactions which occur continuously during the period.

Reference no: EM13259380


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd