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vitfil [10]
3 years ago
14

Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure

d using the:
Business
1 answer:
ad-work [718]3 years ago
6 0

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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1. (a) Record a liability

2. (a) Record a liability

3. (b) Disclose in notes

<h3>What happens if you fail to record a liability?</h3>

Frequently, failing to register a responsibility entails also neglecting to record an expense. Income is decreased by expenses; but, in this case, this wasn't documented so that net income wouldn't be impacted when it should have been. The net income will be overstated as a result.

<h3>On a balance sheet, how do you record liabilities?</h3>

Unearned income or a "payables" account is normally where liabilities are recorded. In most cases, unless they are regarded as contra liabilities, they have a credit balance. As a result of discounting or lowering the amount owed, this kind of liability has a negative balance.

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Groundswell Industries, a U.S.-based large conglomerate, competes in the hospitality, education, telecommunications, entertainme
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Answer:C. Product-market diversification strategy

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<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below: The price of which product will eventually exceed all others?</span>
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