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Current / noncurrent method

• Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate while non current assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred.

 
 Embedded terms in definition
 Assets
Asset
Currency
Current assets
Exchange rate
Exchange
Foreign subsidiary
Foreign
Historical exchange rate
Liabilities
Liability
Time
 
 Related Terms
 

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