Which translation method should be used under a hyperinflationary economy? A) Temporal, because all non-monetary accounts are re-measured at the historical rate. B) All-current, because dividends are translated at the rate that applied when they were issued. C) Monetary/non-monetary, because all monetary accounts are translated at the historical rate.
Under US GAAP or IFRS? If GAAP, then A; if IFRS, well that answer isn’t here, you’d restate fins for inflation and then translate under the current method.