will thumbs up, the answer is not the first one

Which of the following is not correct with regard to the translation of a self-contained foreign subsidiary? Multiple Choice The balance sheet ratios are not impacted by the translation to the parent company's currency. The effect of changes in exchange rates on future dollar cash flows is uncertain. The exchange rate used for translating the balance sheet is the weighted average rate over the statement period. For a material transaction, the rate used for translation is the exchange rate in effect on the date the transaction occurred