Multiple Choice
Under FASB 52, when a net translation exposure exists,
A) a derivatives hedge is necessary to bring balance to the consolidated balance sheet after an exchange rate change.
B) a money market hedge is necessary to bring balance to the consolidated balance sheet after an exchange rate change.
C) a cumulative translation adjustment account is necessary to bring balance to the consolidated balance sheet after an exchange rate change.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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