« previous next »

Author Question: The Financial Accounting Standards Board (FASB) Standard No. 52 mandates that U.S.-based companies ... (Read 49 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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2 Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
Adult, Child, and Infant CPR Standards Adult, Child, and Infant CPR Standards
Standard Precautions for the Care of all Patients in All Health Care Settings Standard Precautions for the Care of all Patients in All Health Care Settings
A karyotype arranges the chromosomes in a standard format A karyotype arranges the chromosomes in a standard format
A clone-by-clone, or map-based A clone-by-clone, or map-based
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Digestive System Animation

For a complete list of videos, visit our video library