The current standard for measuring translation exposure is
A)the current/noncurrent method
B)the monetary/nonmonetary method
C)FASB 8
D)FASB 52

Question

Quizplus · Accepted Answer

The current standard for measuring translation exposure is provided by FASB 52 (aka ASC 830), which requires companies to use the temporal method or the current rate method to measure and report on translation exposure in financial statements. The other options listed (current/noncurrent and monetary/nonmonetary methods) are not commonly used or accepted standards for measuring translation exposure.

The Current Standard for Measuring Translation Exposure Is