答案和详解如下： 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 Correct answer is C) Fixed assets under the temporal method, are reported at historical translation rates. 486,000 / 100 = $4,860. Under all-current, fixed assets are translated at the current rate (486,000 / 150) = $3,240, a difference of $1,620. Even though it is a balance sheet account, under the temporal method, long term debt is considered a monetary liability and is translated at the current rate. Under the all-current method, long-term debt is also translated at the current rate, so the difference between the two methods is $0. | 
发表于 2009-1-20 11:25
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