55) The basic advantage of the ________ method of foreign currency translation is that foreign nonmonetary assets are carried at their original cost in the parent's consolidated statement while the most important advantage of the ________ method is that the gain or loss from translation does not pass through the income statement. 55) ______ A) monetary; current rate B) current rate; temporal C) temporal; monetary D) temporal; current rate 58) ________ occur as a result of changes in the value of currency whereas ________ occur as a result of ongoing business activities. 58) ______ A) Translation gains or losses; Operating gains or losses B) Operating gains or losses; Translation gains or losses C) Swap losses; Translation gains or losses D) all of the above 59) The main technique to minimize translation exposure is called a/an ________ hedge. 59) ______ A) translation B) balance sheet C) forward D) income statement