I’m getting conflicting information. Are dividends translated at historic rate rates? I know that common stock is for both methods. Also, are the main accounts that are considered “Monetary assets/liabilities” i.e. cash, acc. rec, inventor, acc. pay.? Thanks!
Dividends go at the current exchange rate for both methods. Equity goes as Historical rates (date when issued) for both.
Also by Equity i mean (only) common stock. if you include retained earnings in equity, then i think you’g get a hybrid rate as NI is part of RE and NI is different under current vs temporal.
ya, Div under both method are translated at H rate. monetary assets: cash, AR, moneytary liability: long term debt, short term debt, AP Inv is non monetary assets.
AP + STD + LTD = monetary AR + CASH + Liquid investment = monetary everything else non-monetary.
Yeah Equity as a whole is mixed for Temporal and Current for current rate method.
Sweet thanks everyone!