Canadaco’s Canadian dollar (C$) financial statements are translated into euro (€) under three scenarios:

(1) the Canadian dollar remains stable against the euro,

(2) the Canadian dollar strengthens against the euro,

(3) the Canadian dollar weakens against the euro.

Relevant exchange rates are as follows:

What amounts will be reported on the parent’s consolidated financial statements under the three different exchange rate assumptions if Canadaco’s Canadian dollar financial statements are translated using the:
1. current rate method?
2. temporal method?

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Date 1 January 20X1 Average, 20X1 Weighted-average rate when inventory was acquired Rate when dividends were declared 31 December 20X1 Stable 0.70 0.70 0.70 0.70 0.70 per C$ Strengthens 0.70 0.75 0.74 0.78 0.80 Weakens 0.70 0.65 0.66 0.62 0.60