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Wiley GAAP 2008 by Colorado Steven M. Bragg Englewood, Ralph Nach American Express Tax and Business Inc., Barry J. Epstein

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Appendix Accounts to be Remeasured Using Historical Exchange Rates

  1. Marketable securities carried at cost (equity securities and debt securities not intended to be held until maturity).

  2. Inventories carried at cost

  3. Prepaid expenses such as insurance, advertising, and rent

  4. Property, plant, and equipment

  5. Accumulated depreciation on property, plant, and equipment

  6. Patents, trademarks, licenses, and formulas

  7. Goodwill

  8. Other intangible assets

  9. Deferred charges and credits, except policy acquisition costs for life insurance companies

  10. Deferred income

  11. Common stock

  12. Preferred stock carried at issuance price

  13. Revenues and expenses related to nonmonetary items

    1. Cost of goods sold

    2. Depreciation of property, plant, and equipment

    3. Amortization of intangible items such as goodwill, patents, licenses, etc.

    4. Amortization of deferred charges or credits, except policy acquisition costs for life insurance companies

Source: FAS 52.

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