_____ Under FAS 52, Which Translation Procedures Are Followed Under

Multiple Choice

_____ Under FAS 52, which translation procedures are followed under the current rate method of translation?

A) All assets and liabilities are translated at the current exchange rate.
B) All income statement accounts are translated at the current exchange rate.
C) A combination of current and historical exchange rates is used in both financial statements.
D) Both a and b.
E) None of the above.