FASB Statement No. 52 and Its Implications for Financial
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WEBStatement No. 52. The application of Statement No. 52 will result in higher (lower) values for assets (hence net worth) if the dollar devalues (revalues) against a foreign currency. The effect of this change on conventional financial ratios may cause some firms to be in technical default of certain inden-ture provisions, whereas other firms may ...
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