Multiple Choice
_____ Under FAS 52, how is the effect of an exchange rate change for the current year reported under the temporal method of translation?
A) Currently in the income statement.
B) Currently in the income statement as an extraordinary item if material.
C) As a direct charge or credit to stockholders' equity.
D) Deferred in the asset or liability section of the balance sheet.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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