Briefly Explain the Following Terms Associated with Accounting for Foreign

question 26

Essay

Briefly explain the following terms associated with accounting for foreign entities:
a)Functional Currency
b)Translation
c)Remeasurement

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Definitions:

Opening Modes

Different options or flags used to specify how a file is to be opened, such as for reading, writing, or appending.

r

Typically refers to a variable or symbol used within programming, mathematical, or other technical contexts, but needs more context to define accurately here.

W Mode

A mode for opening files in which the file is written; if the file already exists, its content is overwritten.

W+ Mode

In file handling, "W+ mode" allows for both writing and reading from a file, and will create a new file if it doesn't exist or truncate it to zero length if it does.