B is corrent. Per ASC Topic 830, the weighted-average exchange rate is used to translate revenues, expenses, gains, and losses from the functional currency to the reporting currency. Both wages expense and sales to customers fall under this rule and should be translated using the weighted-average exchange rate.
A is incorrect. Per ASC Topic 830, the weighted-average exchange rate is used to translate revenues, expenses, gains, and losses from the functional currency to the reporting currency. Both wages expense and sales to customers fall under this rule and should be translated using the weighted-average exchange rate.
A is incorrect. Per ASC Topic 830, the weighted-average exchange rate is used to translate revenues, expenses, gains, and losses from the functional currency to the reporting currency. Both wages expense and sales to customers fall under this rule and should be translated using the weighted-average exchange rate.
D is incorrect. Per ASC Topic 830, the weighted-average exchange rate is used to translate revenues, expenses, gains, and losses from the functional currency to the reporting currency. Both wages expense and sales to customers fall under this rule and should be translated using the weighted-average exchange rate.
