For a Company That Has A$ as Its Functional Currency

question 34

Multiple Choice

For a company that has A$ as its functional currency, which of the following is not a foreign currency transaction?

• A) goods sold at prices denominated in UK pounds
• B) equipment sold at prices denominated in Japanese Yen.
• C) inventory sold to a customer in Hong Kong who pays in A$.
• D) borrowing funds where amounts are payable in NZ$.

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Definitions:

Business Ethics

The study and examination of moral and ethical principles and problems that arise in a business environment.

Customer Satisfaction

A measure of how products or services supplied by a company meet or exceed customer expectation, pivotal for retaining customers and fostering brand loyalty.

ISO 19600

An international standard providing guidelines for compliance management systems, helping organizations to manage their compliance risks.

Global Compliance

The practice of ensuring that a corporation in multiple countries complies with all the applicable laws and regulations, both domestic and international.