微信扫一扫
实时资讯全掌握
|
Fronttalk Company is a U.S. multinational firm with a 100% stake in a foreign subsidiary. The foreign subsidiary's local currency has depreciated against the U.S. dollar over the latest financial statement reporting period. In addition, the subsidiary accounts for inventories using the last in, first out (LIFO) inventory cost-flow assumption and all purchases were made toward the end of the year. The gross profit margin as computed under the temporal method would most likely be: A. equal to the same ratio computed under the current rate method. B. higher than the same ratio computed under the current rate method. C. lower than the same ratio computed under the current rate method. |