The Main Difficulties in Accounting for Foreign Currency Transactions,investments and Activities

question 18

Multiple Choice

The main difficulties in accounting for foreign currency transactions,investments and activities arise because:

• A)transactions occur over a period,yet the need to report on those transactions occurs at a different time
• B)some transactions occur over lengthy periods of time,during which there may be substantial exchange rate movements
• C)foreign exchange transactions may often involve additional parties
• D)all of the above