Which Foreign Currency Translation Standard Uses the Following Objective

question 51

Multiple Choice

Which foreign currency translation standard uses the following objective:
"1) Provide information that is generally compatible with the expected economic effects of a rate change on an enterprise's cash flows and equity.
2) Reflect in consolidated statements the financial results and relationships of the individual consolidated entities as measured in their functional currencies in conformity with generally accepted accounting principles."

• A) Accounting Research Study #12
• B) FASB Statement 8
• C) FASB Statement 52
• D) International Accounting Standard 14.

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