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This excerpt taken from the WBMD 10-K filed Mar 16, 2006. Foreign
Currency
The financial statements and transactions of the Company’s
foreign facilities are maintained in their local currency. In
accordance with SFAS No. 52, “Foreign Currency
Translation,” the translation of foreign currencies into
United States dollars is performed for balance sheet accounts
using current exchange rates in effect at the balance sheet date
and for revenue and expense accounts using average exchange
rates during the current year. The gains or losses resulting
from translation are included as a component of accumulated
other comprehensive income within stockholders’ equity and
were not material in any of the periods presented. Foreign
currency transaction gains and losses are included in net income
(loss) and were not material in any of the periods presented.
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