If the Functional Currency of a Foreign Operation Is Different

question 25

Multiple Choice

If the functional currency of a foreign operation is different than the parent's, functional currency, how are exchange gains and losses to be reported?

• A) As part of other comprehensive income.
• B) In an exchange account.
• C) As part of the non-controlling interest.
• D) As part of the acquisition differential amortization.

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Definitions:

Fgets()

A function in C programming used to read a string from an input stream.

Maximum Number

A concept referring to the largest possible value that can be represented within a particular type of variable or within a set of numbers.

Address

A numerical representation of a location in computer memory where data can be stored or retrieved.

Fprintf()

A function in C programming that writes formatted output to a stream, typically a file.