menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Multinational Finance
  4. Exam
    Exam 11: Managing Translation Exposure and Accounting for Financial Transactions
  5. Question
    Under FAS #52, Translation Gains and Losses Are Not Flowed
Solved

Under FAS #52, Translation Gains and Losses Are Not Flowed

Question 9

Question 9

True/False

Under FAS #52, translation gains and losses are not flowed through the income statement. Instead, they are accumulated in an account in the equity portion of the balance sheet.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Most businesses maintain positive net working capital,

Q5: According to studies cited in the text,

Q6: Finance theory states that the firm should

Q7: According to FAS #52, translation gains or

Q8: The response of accounting standard setters to

Q10: Translation exposure refers to the impact of

Q11: Translation exposure is defined as change in

Q12: In the United States, FAS #133 "Accounting

Q13: FAS #52 specifies each of the following

Q14: According to FAS #52, all assets and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines