Which of the following best explains how a translation loss arises when the temporal method of translation is used to translate the foreign currency financial statements of a foreign subsidiary?    

a. The foreign subsidiary has more monetary assets than monetary liabilities, and the foreign currency appreciates in value.     

b. The foreign subsidiary has more monetary liabilities than monetary assets, and the foreign currency depreciates in value.     

c. The foreign subsidiary has more monetary assets than monetary liabilities, and the foreign currency depreciates in value.

d. The foreign subsidiary has more total assets than total liabilities, and the foreign currency appreciates in value.