With regard to foreign currency translation methods used by foreign MNCs,
A) foreign currency translation methods are generally only used by U.S.based MNCs since foreign firms have a built-in hedge by being foreign.
B) are generally the same methods used by U.S.-based firms.
C) are exactly the same methods used by U.S.-based firms since GAAP is GAAP.
D) none of the options
Correct Answer:
Verified
Q57: A U.S.parent firm,as result of its business
Q58: In implementing FASB 52,
A)the functional currency of
Q59: The stated objectives of FASB 52 are
A)to
Q60: The simplest of all translation methods to
Q61: Under FASB 52,when a net translation exposure
Q63: With regard to translation exposure versus operating
Q64: Consider a U.S.-based MNC with manufacturing
Q65: If a foreign entity is only a
Q66: The source of translation exposure
A)is a mismatch
Q67: Translation exposure,
A)is not entity specific,rather it is
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