Which Foreign Currency Translation Standard Uses the Following Objective: "For

Multiple Choice

Which foreign currency translation standard uses the following objective: "for the purpose of preparing an enterprise's financial statements, the objective of translation is to measure and express (a) in dollars and (b) in conformity with U.S. generally accepted accounting principles (GAAP) the assets, liabilities, revenues, or expenses that are measured or denominated in foreign currency."

A) Accounting Research Study #12
B) FASB Statement 8
C) FASB Statement 52
D) International Accounting Standard 14.