[Anonymous]

I used to always forget the nonmonetary items for the Remeasurement Method for foreign currency, until my boyfriend and I came up with this mnemonic. I am sharing this as I hope it will help you on your exam! If anyone else has mnemonics for anything, please share.

I C U P In An Icky Porta-Potty

I = Inventory

C= Common Stock

U=Unearned Revenue

P=Preferred Stock

In= Intangible Asset

An= Accumulated Depreciation

Icky = Investment in Sub

Porta-Potty=PP&E