How does the treatment of translation gains and losses differ between the current and temporal translation methods

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How does the treatment of translation gains and losses differ between the current and temporal translation methods under FAS No.52, and what is the rationale for the differing accounting treatments?

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International Accounting

ISBN: 9780136111474

7th Edition

Authors: Frederick D. Choi, Gary K. Meek

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Question Posted: Jun 12, 2012 03:49 AM

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How does the treatment of translation gains and losses differ between the current and temporal translation methods

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Under FAS No 52 the parent currency is designated as the functional cu...View the full answer

International Accounting

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