Under the temporal method, cost of goods sold (COGS) in foreign currency (FC) is translated into parent
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Under the temporal method, cost of goods sold (COGS) in foreign currency (FC) is translated into parent company currency by Multiple choice question. multiplying COGS in FC by the end-of-period (current) exchange rate. multiplying COGS in FC by the average-for-the-period exchange rate. decomposing COGS in FC into components and then multiplying each of these components by its appropriate historical exchange rate. decomposing COGS in FC into components and then multiplying each of these components by the average-for-the-period exchange rate.
Related Book For
International Accounting
ISBN: 978-1260466539
5th edition
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
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