Which of the Following Statements Is Incorrect

question 22

Multiple Choice

Which of the following statements is incorrect?

• A)income and expenses for each statement of comprehensive income presented must be translated at exchange rates at the dates of the transactions
• B)assets and liabilities for each statement of financial position presented must be translated at the closing rate at the date of that statement of financial position
• C)exchange differences resulting from translating assets,liabilities,income and expenses must be recognised in other comprehensive income
• D)exchange differences resulting from translating assets,liabilities,income and expenses must be recognised directly in equity

---

Definitions:

Low-level Stimuli

Basic or minimal environmental inputs that can elicit a sensory or psychological response.

T-data Technique

A method of assessing personality traits by observing and recording behavior in structured situations.

Biases

Prejudices or preconceived opinions that influence a person's ability to make impartial judgments.

Multivariate Approach

A statistical approach that involves observation and analysis of more than one statistical outcome variable at a time.