Which of the Following Is Not a True Statement Regarding

Multiple Choice

Which of the following is not a true statement regarding SFAS No. 52?

A) The key question brought up in SFAS No. 52 involves how to report exchange gains and losses on the income statement.
B) The six guidelines or economic factors provided by SFAS No. 52 for determining the functional currency have a differential cash flow orientation.
C) The six indicators provided by SFAS No. 52 have been found to provide adequate guidance for determining the functional currency.
D) The six indicators provided by SFAS No. 52 for determining the functional currency have a foreign currency component and a parent's currency component.