On the financial statements, the foreign-currency gains and losses are netted and reported as one amount on the income statement.

Name: On the financial statements, the foreign-currency gains and losses are netted and reported as one amount on the income statement.
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Question

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Foreign-currency gains and losses are typically reported separately on the income statement, not netted, to provide a clear view of the impact of currency fluctuations on financial performance.

On the Financial Statements, the Foreign-Currency Gains and Losses Are