currency translation methods

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  Here, we will discuss the effects of different foreign currency translation methods.// Answer 1 The different foreign currency translation methods affect the comparability of the financial statements of two otherwise similar companies due to the

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  This solution compares and contrasts the four currency translation methods.

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  Your tutorial is 487 words and a reference and gives two major risks of multinationals and agrees that two currency translation methods are useful.

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  Translation gains and losses are handled differently according to the current rate method in comparison to other methods.

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  The translation method is used primarily for foreign companies that operate primarily in the host country, and conduct the majority of their business transactions in foreign currency.

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• monetary/nonmonetary method

  27040 Currency translation methods Ajax Manufacturing's German subsidiary has the following balance sheet(in DM): Cash, marketable securities: 250,000 Accounts receivable 1,000,000 Inventory ( at market) 2,700,000 Fixed assets: 5,100,000 Total

• Translation of Foreign Currencies

  GAAP, so the standards and methods are the same even though we're dealing with the differences inherent in a U.S. company (which must adhere to GAAP), and a Japanese company using the yen as the foreign exchange currency.