Under the current rate method

Multiple Choice

monetary accounts are translated at the current exchange rate; other accounts are translated at the current exchange rate if they are carried on the books at current value; items carried at historical cost are translated at historic exchange rates.

all balance sheet accounts are translated at the current exchange rate, except stockholder equity.

assets and liabilities should be translated based on their maturity.

monetary balance sheet accounts should be translated at the spot rate; nonmonetary accounts are translated at the historical rate in effect when the account was first recorded.