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Case 2 Suppose that the following resolution were to be debated in your accounting class: RESOLVED, that FASB No. 52, Foreign Currency Translation, established an

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Case 2 Suppose that the following resolution were to be debated in your accounting class: RESOLVED, that FASB No. 52, Foreign Currency Translation, established an indefensible distinction between transaction gains and losses arising from remeasurement and translation adjustments arising from translation. Required Which side - affirmative or negative - would you support in the debate? Explain

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