If the functional currency of the foreign operation is the same as the parent's functional currency, which of the following statements is correct?

Multiple Choice

• a) The investment in the foreign operation is classified as a non-monetary asset.

• b) The foreign operation is classified as a foreign affiliate.

• c) The foreign operation's financial statements are translated using the functional currency translation (FCT) method.

• d) The foreign operation's financial statements are translated using the presentation currency translation (PCT) method.