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| U.S.?GAAP require the use of different methods to translate or remeasure foreign currency financial statements. When the foreign affiliate’s functional currency is not the reporting currency of the parent (or investor), the A. Current/noncurrent method should be used to translate the foreign affiliate’s financial statements. B. Monetary/nonmonetary method should be used to translate the foreign affiliate’s financial statements. C. Temporal method should be used to remeasure the foreign affiliate’s financial statements. D. Current exchange rate method should be used to translate the foreign affiliate’s financial statements. |