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Functional Currency
The currency of the primary economic environment in which an entity operates, usually determining how financial statements are presented.
Presentation Currency
The currency in which a company's financial statements are reported, chosen by the company to suit its primary audience's needs.
Recorded
The process of formally documenting transactions and events in the financial records of an entity.
Functional Currency
The currency of the primary economic environment in which an entity operates, used in its financial reporting.
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