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  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 16: Translating Foreign Currency Statements: The Temporal Method and the Functional Currency Concept
  5. Question
    Under FAS 52, the Effect of an Exchange Rate Change
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Under FAS 52, the Effect of an Exchange Rate Change

Question 9

Question 9

True/False

Under FAS 52, the effect of an exchange rate change is referred to as a translation adjustment only if the foreign currency is the functional currency.

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