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Reading 24: Multinational Operations LOS d ~ Q74

Q74. Having converted all of Kasamatsu’s accounts using the all-current methods, Jameson is curious to compare the difference

between the temporal and all-current methods on balance sheet accounts. The difference in translated fixed assets and long

term debt respectively if Jameson were to use the temporal method rather than the all-current method is:

Fixed Assets     Long-Term Debt

A)       $0               $0

B)      $1620            $121

C)      $1620            $0

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