=+Question 5 When translating the revenue and expenses in the income statement, theoretically each item of revenue
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=+Question 5 When translating the revenue and expenses in the income statement, theoretically each item of revenue and expense should be translated using the spot exchange rate between the:
(a) functional currency and the foreign currency on the reporting date.
(b) presentation currency and the functional currency on the reporting date.
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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