I am a little bit confused right now, I hope someone could clarify things a bit for me. Which rates do you use to translate I/S and B/S items under the two methods?
In the order of …Current Method/Temporal Method BALANCE SHEET ITEMS: Monetary asset/liability = current, current nonmentary a/l = current, historical common stock/divs = historical, historical equity = current, mixed INCOME STATEMENT ITEMS: Revenues = avg, avg COGS = avg, historical Dep = avg, hisotrical net income = avg, mixed You really need to know this right off the bat for the exam. Gluck.
If nothing else, remember that for all current: All B/S items at current except common stock, which is historical All I/S are average