Under sfas 52 when the current rate method is used how are, Ask an Expert

Accounting

Under SFAS 52, when the current rate method is used, how are translation adjustments treated in the consolidated financial statements?

A) As gains or losses on the current period consolidated income statement

B) As prior period adjustments to retained earnings of the parent

C) As part of other comprehensive income on the consolidated balance sheet

D) None of the above because the current rate method is not allowed under SFAS 52

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437698

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