Question: Under FASB 52, when a net translation exposure exists, Multiple Choice none of the options a cumulative translation adjustment account is necessary to bring balance

Under FASB 52, when a net translation exposure exists,

Multiple Choice

  • none of the options

  • a cumulative translation adjustment account is necessary to bring balance to the consolidated balance sheet after an exchange rate change.

  • a derivatives hedge is necessary to bring balance to the consolidated balance sheet after an exchange rate change.

  • a money market hedge is necessary to bring balance to the consolidated balance sheet after an exchange rate change.

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