If the Assets of a Foreign Operation Exceed Its Liabilities,and

question 20

Multiple Choice

If the assets of a foreign operation exceed its liabilities,and the value of the Australian dollar falls relative to the currency of the foreign operations,there will be:

• A) a credit to the 'foreign currency translation reserve' in the consolidated accounts.
• B) a debit to the 'foreign currency translation reserve' in the consolidated accounts.
• C) a credit to 'foreign currency translation revenue' in the consolidated accounts.
• D) a debit to the 'foreign currency translation expense' in the consolidated accounts.

---

Definitions:

Features And Benefits

Explanation highlighting product or service attributes (features) and how they fulfill users' needs or desires (benefits).

Psychological Need

An intrinsic motive or desire that drives individuals to pursue goals or activities that fulfill emotional or mental requirements.

Comfort Or Luxury

Products or services designed to provide an enhanced level of ease, well-being, or indulgence beyond basic necessities.

Self-preservation

The instinctual behavior to protect oneself from harm or danger.