Solved: Foreign currency translation accounting, Finance Basics

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Foreign currency translation accounting

Problem: FAS 8 established guidance for foreign currency translation accounting. Due to opposition to SFAS 8, further guidance was provided by SFAS 52. Why would multinational companies oppose the guidance provided in SFAS 8? Does SFAS 52 address the concerns with SFAS 8?

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Finance Basics: Foreign currency translation accounting

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