Status of Interpretation No. 17

Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8


Issued: February 1977

Effective Date:
For annual and interim periods ending after March 15, 1977


No other pronouncements


Affected by:
Superseded by FAS 52, paragraph 3


Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides