If the functional currency is the currency of a third country (not the parent's and not the
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If the functional currency is the currency of a third country (not the parent's and not the local currency), the appropriate approach to converting the account balances into U.S. dollars is:
a. The temporal approach.
b. The current approach.
c. Both approaches, with the accounts first converted into the functional currency using the temporal approach and then into U.S. dollars using the current approach.
d. Both approaches, with the accounts first converted into the functional currency using the current approach and then into U.S. dollars using the temporal approach
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