Answer: historical exchange rate
Explanation:
The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.
It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.
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First to get the answer your self all you need to do is divide 7 in to how many hours then boom you got the answer
Answer:
$15
Explanation:
Accounting profit is calculated as revenue less total cost.
Accounting profit = Revenue - Cost
$20 - $5 = $15
An accountant calculates accounting profit.
