18

17. Under the temporal method, common stock would be remeasured at what rate? A) Beginning of the year rate. B) Average rate. C) Current rate. D) Historical rate E) Composite amount. 18. What is a company's functional currency? A) The currency of the primary economic environment in which it operates. B) The currency of the country where it has its headquarters. C) The currency in which it prepares its financial statements. D) The reporting currency of its parent for a subsidiary. E) The currency it chooses to designate as such