Multiple Choice
_____ Under FAS 52, how is the effect of an exchange rate change reported when the current rate method of translation is used?
A) Report as a deferred gain or loss in the balance sheet.
B) Report currently in earnings.
C) Report in Other Comprehensive Income.
D) Report in the "Owner Changes in Net Assets" section of the statement of comprehensive income.
E) Report as an extraordinary item.
Correct Answer:
Verified
Correct Answer:
Verified
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