Question: 1. Write down in front of each item in the table below the appropriate exchange rate required under both current rate method and temporal method

1. Write down in front of each item in the table below the appropriate exchange rate required under both current rate method and temporal method using current rate, historical rate, and average rate.

Account title

Required Exchange Rate under current rate method

Required Exchange Rate under temporal method

Cash

Accounts receivable

Inventory

Notes receivable

Plant assets

dividends

Cost of goods sold

Depreciation expense

Other expenses

Sales

Accumulated depreciation

Accounts payable

Notes payable

Common stocks

Retained earnings

Answer:

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