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  2. Topic
    Business
  3. Study Set
    Multinational Finance
  4. Exam
    Exam 11: Managing Translation Exposure and Accounting for Financial Transactions
  5. Question
    Under the Current Rate Method of FAS #52, Changes in the Translated
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Under the Current Rate Method of FAS #52, Changes in the Translated

Question 20

Question 20

True/False

Under the current rate method of FAS #52, changes in the translated value of balance sheet items are placed in a contra account on the asset side of the balance sheet.

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