[Mathandler1]

A U.S. company acquired a French subsidiary and is in the process of preparing consolidated financial statements. Which of the following is true?

a. The French financial statements must first be translated from francs to U.S. dollars, then the French company statements must be brought into conformity with GAAP.
b. Hedging will protect the U.S. company from translation losses.
c. A foreign currency gain will appear on the U.S. company income statement as a result of the translation.
d. All of the above are true.

I had chosen (d). Am I correct? Please respond... Thanks

[Mathandler1]

I choose (d). For the answer but I do not know if it is correct or not.
Does anyone else have an idea about the answer to this question.
I thought this was a help desk forum from real experts on live answers.
I noticed that my questions for the past two days have been deleted?

Thanks!