In most cases, translated income gains and losses due to changes in foreign currency values are reported as _______ when using FASB-52.
A. current net income
B. revenues (for gains) or operating expenses (for losses)
C. a component of stockholder's equity
D. none of the above
Answer:C
In most cases, translated income gains and losses due to changes in foreign currency values are reported as _______ when using FASB-52.
A. current net income B. revenues (for gains) or operating expenses (for losses) C. a component of stockholder's equity D. none of the above