When is the weighted average method used in financial statement conversion? Multiple choice question. When there are seasonal fluctuations in the income statements When the revenues are generated evenly throughout the year When the exchange rates change gradually during an accounting periodThe gain or loss on financial statement translation under the functional currency translation (FCT) method is included in Multiple choice question. acquisition differential amortization expense account. net income. other comprehensive income. equity section of the balance sheet, and by-passes the income statement