Match the following terms and concepts to the appropriate explanations that follow:

International Accounting Standards Board 

Translation

Remeasurement 

Convergence 

Reporting currency 

Local currency

(a) The currency of the country in which a subsidiary operates.

(b) The anticipated direction of global GAAP development.

(c) The world-wide equivalent of the FASB.

(d) The currency of the country in which financial statements are prepared for owners.

(e) Conversion process that uses a variety of exchange rates for assets.

(f) The "plug" adjustment is an item of "other comprehensive income."