Current / noncurrent method
Current / noncurrent method Under this currency translation method, all of a foreign subsidiary's current assets and liabilities are translated into home currency at the current exchange rate while noncurrent assets and liabilities are translated at the historical exchange rate, that is, the rate in effect at the time the asset was acquired or the liability incurred.
Source: http://www.saint-claire.org/resources/Dictionary-of-Financial-and-Business-Terms.pdf
Web site to visit: http://www.saint-claire.org and www.terra.com.br
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