An objective of translation under SFAS No. 52 is to avoid reporting foreign-currency-denominated operations as if they had occurred in U.S. dollars.

Question

Quizplus · Accepted Answer

This statement is true. The objective of translation under SFAS No. 52 is to accurately reflect the financial situation of foreign-currency-denominated operations, without distorting it by reporting it as if it had occurred in U.S. dollars. This is achieved through the use of appropriate exchange rates and translation methods.

An Objective of Translation Under SFAS No