Exchange Gains and Losses Resulting from Translating (Not Re-Measuring) Foreign

question 68

Multiple Choice

Exchange gains and losses resulting from translating (not re-measuring) foreign currency financial statements into U.S.dollars should be included as a(an)

• A)​a component of other comprehensive income.
• B)​extraordinary item in the income statement for the period in which the rate changes.
• C)​ordinary gain/loss item in the income statement.
• D)​component of operating income.