Question on L2 Multinational Operations (Reading 18)
I'm currently using the Schweser notes and doing the example with FlexCO/Vibrant Inc. When applying the Current Rate Method, the example uses the Historical Rate for Inventory, Fixed Assets, and Depreciation.
I thought Current Rate method doesn't distinguish between Monetary/Nonmonetary assets and uses the Current Rate for all Balance Sheet items ex. common stock. Is that example wrong? Am I dumb?
Thanks.
Posted Mar 12, 2018, 9:13 PM UTC
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