CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

Which statement about remeasurement is true?
A. Remeasurement refers to the accumulation of currency translation gains or losses in other comprehensive income.
B. Remeasurement gains or losses are recognized in current income.
C. Remeasurement arises when foreign currency exchange rates fluctuate and the company is in a net liability position.
Explanation: Remeasurement gains (losses) arise in connection with the temporal method. These gains (losses) affect current income.

User Contributed Comments 2

User Comment
MattNYC what does remeasurement even mean??
tabulator man, hopefuly the previous comment was posted a LONG time ago...
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