Meaning CURRENT/NONCURRENT METHOD: The translation of all of a foreign subsidiary's current assets and liabilities 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
More terms such as Current/noncurrent method in Dictionary C.
- Definition Competence:
- Examples Sufficient ability or fitness for one's needs. The necessary abilities to be qualified to achieve a certain goal or complete a project current/noncurrent method definition.
- Definition Close Market:
- Examples An active market in which there is a narrow spread between bid and offer prices, due to a high volume of trading and many competing market makers current/noncurrent method explain.
- Definition Commodity-Backed Bond:
- Examples A bond with interest payments tied to the price of an underlying commodity current/noncurrent method what is.
- Definition Cover:
- Examples The purchase of a contract to offset a previously established short position current/noncurrent method meaning.
- Definition CMO:
- Examples See: Collateralized mortgage obligation current/noncurrent method abbreviation.
