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List the translation accounting rules of the us standard fas

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Reference no: EM13871694

1. List the translation accounting rules of the U.S. standard FAS #52 ‘‘Foreign Currency Translation.''

2. For which accounts does FAS #52 do a good job? For which accounts is it less reliable?

3. According to theory, what determines whether an exposure to currency risk should be hedged?

Reference no: EM13871694

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