- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 12. Multinational Operations
- Subject 5. Remeasurement versus Translation
CFA Practice Question
Which of the following foreign currency translation methods is allowable under current U.S. GAAP?
B. Monetary-Nonmonetary method.
C. Temporal method.
A. Current/Noncurrent method.
B. Monetary-Nonmonetary method.
C. Temporal method.
Correct Answer: C
The temporal and current rate methods are permissible under U.S. GAAP.
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