Which of the Following Is Not a True Statement Regarding

question 55

Multiple Choice

Which of the following is not a true statement regarding SFAS No. 8?

• A)SFAS was faithful to the historical cost accounting model, but from an economic viewpoint, it produced illogical results.
• B)SFAS No. 8 required the temporal method of translation.
• C)In empirical studies made of the economic impact of SFAS No. 8 on American multinational enterprises, only foreign exchange risk and management policies regarding hedging of foreign currency exposures were found to have any possible impact.
• D)SFAS No. 8 was consistent with the foreign currency orientation.

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist whose works, including the Communist Manifesto, have had a profound impact on political theory and sociology.

Émile Durkheim

A French sociologist best known for his foundational work in sociology and for his theories on the social causes of suicide.

Herbert Spencer

A British philosopher, biologist, anthropologist, and sociologist known for applying evolutionary theory to social evolution and for coining the term "survival of the fittest."

Manifest Function

The intended and recognized outcome of a social process or institution.