Question: Type True or False. If you answer False, then explain why the statement is false (1 line). If you answer True do NOT explain. The

Type "True" or "False." If you answer "False", then explain why the statement is false (1 line). If you answer "True" do NOT explain.

"The major difference between the temporal method and the monetary/nonmonetary method is that under the monetary/nonmonetary method, long term debt is translated at the historical rate, whereas under the temporal method, long term debt is translated at the current rate."

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