CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Which of the following statements about the current rate method is true?
A. The current rate method is utilized by relatively independent entities that operate primarily in local markets.
B. The current rate method is required for use in hyperinflationary economies.
C. The current rate method is utilized primarily for non-US subsidiaries whose operations are primarily conducted in the parent's presentation currency.
Explanation: Entities that are significantly integrated with the parent company primarily utilize the temporal method.

User Contributed Comments 0

You need to log in first to add your comment.