_____ Under FAS 52, which translation procedures are followed under the current rate method of translation?
A) All balance sheet accounts are translated at the current exchange rate.
B) All income statement accounts are translated at the current exchange rate.
C) A combination of current and historical exchange rates is used in both financial statements.
D) Both a and b.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of _____ Under FAS 52, which translation procedures are followed under the current rate method of translation?
A) All balance sheet accounts are translated at the current exchange rate.
B) All income statement accounts are translated at the current exchange rate.
C) A combination of current and historical exchange rates is used in both financial statements.
D) Both a and b.
E) None of the above.

_____ Under FAS 52, Which Translation Procedures Are Followed Under