HELP

1. Which of the following statements about the Temporal method is incorrect? A.Temporal Method should be used when a subsidiary is operating in a hyperinflationary country. B. The process of using the Temporal Method is known as translation C. Under the Temporal Method, translation gains and losses are added to the net income for the current period. D. Under the Temporal Method, all assets, liabilities, and net worth accounts are segregated into monetary and nonmonetary. 2. The two basic methods for the translation of foreign subsidiary financial statements are the method and the method. A. current rate; temporal B. current rate; future rate C. temporal; proper timing D. current rate; spot rate