Under AASB 121 the Effects of Changes in Foreign Exchange

question 21

Multiple Choice

Under AASB 121 The Effects of Changes in Foreign Exchange Rates,an entity must disclose which of the following items in particular?
I.The amount of exchange differences included in profit or loss of the period.
II.The amount of the exchange difference included directly in share capital during the period.
III.Whether a change in the functional currency has occurred.
IV.The reason for using a presentation currency that is different from the functional currency.

• A)I,II,III and IV
• B)II and III only
• C)I,III and IV only
• D)I and IV only

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Definitions:

Older Women

Females of senior age who experience distinct societal perceptions and realities compared to their younger counterparts.

Implicit Assumption

An unspoken, underlying belief or premise often taken for granted or accepted without evidence in reasoning or decision-making.

Compliment

A polite expression of praise or admiration, typically given to recognize someone's achievement or quality.

Physical Appearance

The way individuals look, including features such as height, weight, skin color, and facial structure, which can influence social perceptions and treatment.