_____ Under FAS 52, the Term Current Rate Is Defined

Multiple Choice

_____ Under FAS 52, the term current rate is defined

A) As the exchange rate at the balance sheet reporting date.
B) As the average exchange rate during the current year.
C) As the exchange rate in effect when a current year transaction occurred.
D) Differently for the balance sheet than for the income statement.
E) None of the above.