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A statement, though true, is perjury if the maker of it believes it to be false.
Cumulative Translation Gain
The total gain or loss resulting from the translation of foreign currencies into the functional currency over a period of time.
Consolidated Financial Statements
Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.
Consolidated SCI
Refers to the consolidated statement of comprehensive income which combines all financial activities of a parent company and its subsidiaries.
Calculate Exchange Gain/Loss
The process of determining the profit or loss from foreign exchange transactions, based on changes in exchange rates.
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