Question: What are the different methods allowed under FAS 52 for translation of foreign currency? When is each of the methods appropriate? What are the specific

What are the different methods allowed under FAS 52 for translation of foreign currency? When is each of the methods appropriate? What are the specific requirements for translation of a foreign currency in a hyperinflationary economy? Since currency translation simply involves multiplying or dividing a foreign currency balance by the appropriate exchange rate, why has it become such a controversial topic?

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