Which Exchange Rate Should Be Used When Translating Revenue and Expense

question 20

Multiple Choice

Which exchange rate should be used when translating revenue and expense items in the statement of profit or loss and other comprehensive income into the functional currency?

• A) Current as at the end of the financial year.
• B) Calculated as the average between the rates at the start and end of the year.
• C) Current at the dates the applicable transaction occurred.
• D) None of the above.

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Web Resumé

An online version of a CV or resume, showcasing an individual's professional background and skills on the internet.

Email Link

A hyperlink embedded in an email, clicking on which can redirect the recipient to a specified website or document.

Street Addresses

A series of characters and numbers that specify a particular location within a city, town, or other areas, used for identifying or locating buildings.

Functional Resumé

A type of resume focused on skills and experiences rather than chronological work history, emphasizing the candidate's abilities.