The states that the differences in interest rates between two countries should be offset by equal, but opposite, changes in the future spot exchange rate. Expectations theory Interest rate parity Purchasing power parity International Fisher effect D Question 2 3 pts Under current accounting procedures, all of the following except which of the following balance sheet items are translated into dollars at the rate of exchange prevailing on the date of the balance sheet? Stockholder's equity Fixed assets Current liabilities payable in a foreign currency Long-term liabilities payable in a foreign currency