Cramer Company owns 100% of the outstanding shares of its European subsidiaries, which operate under Cramer Company's business model. The subsidiaries' primary objective is to help Cramer Company expand its global market share. In consolidating the subsidiaries' financial statements with those of the U.S. parent, the subsidiaries' financial statement numbers should be:

Multiple Choice

• remeasured using the current rate method.

• translated using the temporal method.

• translated using the current rate method.

• remeasured using the temporal method.