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Investing Glossary:
FASB No. 52
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- F -
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| Definition: |
| The US accounting standard that replaced FASB No. 8. US companies are required to translate foreign accounts in terms of the current rate and Report the changes from Currency fluctuations in a cumulative translation adjustment Account in the Equity section of the balance sheet.
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