What is the concept of current rate method of translation and temporal method of translation?

Complete the following assignment. Submit your responses in MSWord as one document. Label each section clearly. If you choose to use an Excel spreadsheet for question 2, please copy and paste your spreadsheet into your Word document.  For written answers, please make sure your responses are well written, conform to CSU-Global guidelines for APA formatting, and have proper citations, if needed.

  1. What is the concept of current rate method of translation and temporal method of translation? How does balance sheet exposure differ under these two methods?
  1. The 2010 financial statement of Child Co. Inc (Mexico), a subsidiary of Parent Co. Inc (United States), reveals the following information:
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