Examlex
Which of the following statements is not true?
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material, labor, and manufacturing overhead expenses.
Historical Rate
A reference to the exchange rate used in the past for converting one currency to another at a specific time.
Restated
Refers to financial statements that have been revised from their original figures to correct errors or account for retrospective changes in accounting policy.
U.S. Dollars
The currency of the United States, used as the standard unit of money for transactions within the country and internationally.
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