Which of the Following Statements Is Incorrect

question 9

Multiple Choice

Which of the following statements is incorrect?

• A) Movements in the foreign currency translation reserve must be disclosed.
• B) Exchanges differences included in profit or loss must be disclosed.
• C) There is no need to disclose if the presentation currency is different from the functional currency.
• D) AASB 121/IAS 21 The Effects of Changes in Foreign Exchange Rates requires disclosures about the translation of financial statements into other currencies.

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