Analyze the fundamental differences between remeasurement and the translation approach when preparing a foreign currency financial statement for a company of your choice. Next, determine one to two (1-2) situations when remeasurement is most appropriate. Provide support for your position.Analyzetheunderlyingconceptualdifferencesbetweenthetemporalmethodoftranslationandthecurrentratemethodoftranslation.Determinehowthebalancesheetexposurediffersunderthetwo(2)aforementionedmethods.Selectthemethodthatyoubelieveprovidestheleastbalancesheetexposure.Providerationaleforyourselection. (PLEASE PROVIDE THE INFORMATION ABOUT REFERENCES IF YOU USE ANY)