TempV Current rate method dollars, current, question, methods

mkytz15

this is just part of the information in the question

Exchange rates

1 Jan x1= Yen 100 per $
31 Dec x1 Yen 125 per $
Average Yen 111 per dollar

Sales= Y500,000

Reported sales in dollars will be:

a. $4505 under both temporal and current rate methods
b. $4505 under temporal and $500,000 under current rate method





Stalla says (a) could some please help why not (b)

bdavi77962

would yelp in excitement if that kind of question came up on the exam!...doubtful though

liquidity

Revenues translated under average rate in both temporal and current.

500K/111 = $4505 in both