Under FAS 52, the effect of an exchange rate change is always reported in Other Comprehensive Income if the foreign currency is the functional currency.

Name: Under FAS 52, the effect of an exchange rate change is always reported in Other Comprehensive Income if the foreign currency is the functional currency.
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Under FAS 52, when the foreign currency is the functional currency, translation adjustments due to exchange rate changes are reported in Other Comprehensive Income.

Under FAS 52, the Effect of an Exchange Rate Change