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Under the temporal method:

October 9, 2015
  • Monetary assets and liabilities are remeasured at the current rate.
  • Non monetary assets and liabilities are remeasured at the historical rate.
  • Common stock and dividends paid are remeasured at the historical rate.
  • COGS, depreciation, and amortization expense are remeasured at the historical rate.
  • All other revenue & expenses are remeasured at the average rate.
  • Remeasurement gains and loses are reported in the income statement.
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