Under FASB 52, foreign exchange gains and losses
A) flow into a special reserve account
B) are usually determined according to the current rate method
C) both a and b
D) flow directly into the income statement

Question

Quizplus · Accepted Answer

Under FASB 52, foreign exchange gains and losses are usually determined according to the current rate method and flow into a special reserve account.

Under FASB 52, Foreign Exchange Gains and Losses