The exchanges rate in effect at the time the assets, liabilities, and equities were first recognized in the foreign entity's accounting records is: Select one: O a. Average rate. O b. Simple rate. O c. Current rate. O d. Historical rate. . Under Current/Noncurrent Method, Noncurrent Balance Sheet Accounts to be translated using: Select one: O a. Historical rate. O b. Average rate. O c. Current rate. O d. Single rate. Under Current/Noncurrent Method, Income Statement Accounts to be translated using: Select one: O a. Current rate. O b. Average rate. O c. Single rate. O d. Historical rate. Information about the business is disclosed only to those most closely involved with management and financing is: Select one: O a. Secrecy O b. Professionalism, c. Uniformity O d. Conservatism