Translating from the Functional Currency to the Presentation Currency Involves

question 27

Multiple Choice

Translating from the functional currency to the presentation currency involves which of the following procedures?

• A) Recognise exchange differences in other comprehensive income.
• B) Translate the income and expenses at the exchange rates at the dates of the transactions.
• C) Translate the assets and liabilities at the closing rate at the date of the statement of financial position.
• D) All of the above.

---

Definitions:

Device Driver

A specialized program that allows software and hardware to communicate effectively, enabling devices to perform their dedicated functions within a computer system.

Display Problems

Issues or malfunctions related to the visual output on screens or monitors.

Computer Monitor

An output device that displays information in pictorial form, usually used with computers.

Faulty Power

A situation where an electrical power supply is unstable, unreliable, or not functioning correctly.