WHICH STATEMENT IS INCORRECT?

Multiple Choice Under currentoncurrent method, revenues and expenses associated with noncurrent assets and liabilities are translated at the historical exchange rates. Under the temporal and the monetaryonmonetary methods, fixed assets and inventory provide the same translation. Under monetaryonmonetary method, income statement nonmonetary accounts are converted at the historical exchange rate. Under currentoncurrent method, current assets and liabilities are converted at the current exchange rate. Under current rate method, translation gains or losses go through the income statement