The Stated Objectives of FASB 52 Are

question 70

Multiple Choice

The stated objectives of FASB 52 are

• A)to provide information that is generally compatible with the expected economic effects of a rate change on an enterprise's cash flows and equity.
• B)to reflect in consolidated statements the financial results and relationships of the individual consolidated entities as measured in their functional currencies in conformity with U.S.generally accepted accounting principles.
• C)to provide information that is generally compatible with the expected economic effects of a rate change on an enterprise's cash flows and equity,and to reflect in consolidated statements the financial results and relationships of the individual consolidated entities as measured in their functional currencies in conformity with U.S.generally accepted accounting principles.
• D)none of the options