Foreign Exchange Gains and Losses on Foreign Currency Transactions

Foreign exchange gains and losses on foreign currency transactions

A) must be recognized in income in the period in which the rate changes.
B) are deferred until the monetary part of the transaction is settled.
C) can be used to adjust the cost of the foreign currency transaction under the temporal but not the current rate method.
D) can be written off over the life of the debt according to Statement 52, according to the current rate method.