Financial Accounting Standards Board Statement Number 52 Requires That Most

question 59

Multiple Choice

Financial Accounting Standards Board Statement Number 52 requires that most assets and liabilities be translated at the current exchange rate.Gains and losses are recorded:

• A)as a footnote to the statements.
• B)as an extraordinary item against income.
• C)as a normal part of income.
• D)against shareholder's equity.
• E)only on the income tax statements.

---

Definitions:

Management By Objectives (MBO)

An organization-wide intervention technique that involves joint goal setting between employees and managers.

Valuable Intervention

A strategic action or initiative taken to improve a situation or process, deemed to have significant worth or importance.

Organization Development (OD)

A systematic approach to organizational improvement that applies behavioral science theory and research in order to increase individual and organizational well-being and effectiveness.

Characteristics

Qualities, attributes, or distinguishing features that define an individual, object, or concept.