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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
    When the Temporal Method Is Used, Any Exchange Rate Change
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When the Temporal Method Is Used, Any Exchange Rate Change

Question 102

Question 102

True/False

When the temporal method is used, any exchange rate change adjustment to a parent's Dividend Receivable from its foreign subsidiary is reported as an adjustment to Other Comprehensive Income (bypassing earnings).

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