Question: Nonmonetary assets do not include a. Account receivables b. Equipment c. Fixed assets d. Inventory A multinational corporation with a foreign subsidiary may need to

Nonmonetary assets do not include

a. Account receivables

b. Equipment

c. Fixed assets

d. Inventory

A multinational corporation with a foreign subsidiary may need to convert the subsidiarys financial statements into its own currency. The risk of gains and losses associated with that periodic conversion is called

a. Transaction risk

b. Translation risk

c. Inherent risk

d. Control risk

-------is agreement to exchange a specified amount of one currency for another at a future date

a. Spot Rate

b. Forward rate

c. Average rate

d. Historical rate

Please please, I don't have enough time to help me

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