Question: Multiple Choice Question Under the temporal translation method, most income statement accounts are translated at the Blank _ _ _ _ _ _ , but

Multiple Choice Question
Under the temporal translation method, most income statement accounts are translated at the Blank______, but depreciation and costs of goods sold are translated at the Blank______.
Multiple choice question.
current exchange rate; average noncurrent exchange rate over the life of the firm
average exchange rate for the accounting period; historical rate that applies to the applicable balance sheet item
current exchange rate; historical rate that applies to the applicable balance sheet item

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