Alpha Ltd Is an Australian Company, the Currency of Its $\quad$

question 17

Multiple Choice

Alpha Ltd is an Australian company, the currency of its principal economic environment is UK£ and its financial statements are presented in ¥ the functional currency of its parent entity.
When considering foreign currency transactions and the preparation of financial reports of entities that engaged in transactions denominated in foreign currencies, four currency classifications are adopted:
I $\quad$ the presentation currency
II $\quad$ the domestic currency
III $\quad$ the functional currency
IV $\quad$ foreign currencies
-For Alpha Ltd its functional currency is:

• A)A$
• B)¥
• C)UK£
• D)US$

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Definitions:

Modes of Interacting

Different ways or methods through which individuals communicate or engage with each other.

Communicate

The process of conveying information or expressing ideas and feelings through verbal, nonverbal, or written means.

Opinions

Personal beliefs or judgments that are not founded on proof or certainty, reflecting individual perspectives or preferences.

Personal Unhappiness

A state of dissatisfaction or sadness with one's personal situation or life circumstances.