Which of the following properly reflects the impact of foreign currency translations on inventory valuations?
A. Differences in inventory valuation affect only firms using the temporal method.
B. Differences in inventory valuation affect only firms using the current rate method of translation.
C. Differences in inventory valuation occur under both the current and temporal methods of translation.
D. The change in inventory value presented in the balance sheet and statement of cash flows will map directly.
Answer: B
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Indicate whether the statement is true or false