Compare and contrast the 4 currency translation

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Reference no: EM13482903

Compare and contrast the 4 currency translation methods.

  • Which 2 methods are used by FASB 52?
  • Be sure to discuss the 2-step method used in FASB 52 and how highly inflationary economies (around 100% inflation in a 3-year period) are handled.
  • Discuss how Japan and Germany approach the translation of currency.
  • Should the United States change its translation method to match thatof the European Union? Explain your reasoning.

Reference no: EM13482903

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