Multinational Operations - Foreign Currency

What is the Balance Sheet Exposure to translation effects if FC translation method is changed from Temporal to All Current Method? a) Net Monetary Assets? b) Net Assets? Book says NA in one place NMA in another. Shouldn’t it be NMA because these are subject to currency fluctuation effects, while non-monetary assets are not? Any Ideas?

All current method has net asset exposure since all assets translated at current rate. Temporal method gives net monetary asset exposure since all non-monetary assets are translated at historical rates and these aren’t sensitive to currency fluctuations. Should be net assets.

Confirm ^. NA for A/C method. NMA for temporal method (because only monetary assets are exposed to changes in the exchange rates).

a) Net Monetary Assets = Temporal b) Net Assets = All Current