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  3. Study Set
    Financial Accounting Study Set 22
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    Exam 11: Evaluating Performance: Earnings Quality, the Income Statement, Statement of Comprehensive Income
  5. Question
    Foreign-Currency Transaction Gains and Losses Are Reported as Part of Operating
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Foreign-Currency Transaction Gains and Losses Are Reported as Part of Operating

Question 22

Question 22

True/False

Foreign-currency transaction gains and losses are reported as part of operating income because they arise from the company's main business.

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