Question: Why would some companies decide to use an average rate for each week or month for translating foreign currency transactions?

Why would some companies decide to use an average rate for each week or month for translating foreign currency transactions?

Step by Step Solution

3.18 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Some companies use an average weekly or monthly rate for translating foreign currenc... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

424-B-A-G-F-A (5681).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!