16. A net liability balance sheet exposure exists and the foreign currency depreciates. Which of the following statements is true? A. There is a remeasurement gain B. There is a transaction loss. C. There is a transaction gain. D. There is a remeaurement loss. 17. Under the temporal method, retained earnings would be remeasured at what rate? A. Composite amount. B. Average rate. C. Current rate. D. Historical rate