hassan

It depends on if they are monetary or non-monetary. Under the temporal method you remeasure monetary a+l at the current rate and all non-monetary a+l at the historical

Monetary Assets: Cash, AR, Marketable Securities
Non-Monetary Assets: Inventory, PPE, Intangibles

Monetary Liabilities: AP, NP, LTD
Non-Monetary Liabilities: unearned revenue