The Most Important Aspect of the FASB?52 Is That

Multiple Choice

The most important aspect of the FASB?52 is that

A) it is consistent with generally accepted accounting practice that requires balance?sheet items to be valued according to their underlying measurement basis
B) it disallows all reserves for currency losses
C) it mandates a uniform translation standard for all firms
D) most translation gains and losses bypass the income statement and are accumulated in a separate equity account on the parent's balance sheet