According to FASB Statement No. 52, which of the following does not have to be disclosed?
A) The aggregate transaction gain or loss included in income.
B) The beginning and ending amount of cumulative translation adjustments.
C) The average exchange rate movement of countries whose operations are material to the parent company's results.
D) The aggregate adjustment for the period resulting from translation adjustments.

Question

Quizplus · Accepted Answer

FASB Statement No. 52 does not require the disclosure of the average exchange rate movement of countries whose operations are material to the parent company's results. It focuses on the financial impact of foreign currency translation, including gains or losses and adjustments, but not on average exchange rate movements.