If the Assets of a Foreign Operation Exceed Its Liabilities,and

question 33

Multiple Choice

If the assets of a foreign operation exceed its liabilities,and the value of the Australian dollar falls relative to the currency of the foreign operations,there will be:

• A) A credit to the 'Foreign Currency Translation Reserve' in the consolidated accounts.
• B) A debit to the 'Foreign Currency Translation Reserve' in the consolidated accounts.
• C) A credit to 'Foreign Currency Translation Revenue in the consolidated accounts.
• D) A debit to the 'Foreign Currency Translation Expense in the consolidated accounts.
• E) No impact on the consolidated accounts

---

Definitions:

Playing Pretend

Engaging in imaginative play, where children enact roles or stories using objects or themselves as characters.

Cope

The ability to deal effectively with something difficult or challenging.

Susan Isaacs

A psychologist and educational reformer known for her work in child development and early childhood education.

Healthy Expressions

The act of communicating feelings, thoughts, or emotions in a manner that is beneficial to one's mental, emotional, and physical well-being.