« previous next »

Author Question: The Financial Accounting Standards Board (FASB) Standard No. 52 mandates that U.S.-based companies ... (Read 47 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jul 11, 2018
The Financial Accounting Standards Board (FASB) Standard No. 52 mandates that U.S.-based companies translate their foreign-currency-denominated assets and liabilities into dollars using the current rate (translation) method.
 
  Indicate whether the statement is true or false

Question 2

A U.S. parent company's foreign retained earnings are not adjusted for currency movements to reflect each year's operating profits or losses.
 
  Indicate whether the statement is true or false


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

CycleBeads help women use the Standard Days Method. CycleBeads help women use the Standard Days Method.
Female choice based on male appearance. Female choice based on male appearance.
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Summary of Standard Precautions Summary of Standard Precautions
question in cost accounting question in cost accounting
Video: Asthma Treatment

For a complete list of videos, visit our video library