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10- Suppose a Turkish company uses Euro as the functional currency in its financial reporting system. The currency translation differences in the balance sheet are

10- Suppose a Turkish company uses Euro as the functional currency in its financial reporting system. The currency translation differences in the balance sheet are as follows (in Euros): 31.12.2021 31.12.2022 100.000 60.000 The company uses the closing exchange rates at the end of the year for the balance sheet items. The exchange rates information is as follows: - 31.12.2021: 1 Euro = 10 TL - 31.12.2022: 1 Euro = 15 TL Using the above information you present the financial statements in TL and find the currency translation difference to be reported in the comprehensive income statement as of the 2022 year-end as....
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10- Suppose a Turkish company uses Euro as the functional currency in its financial reporting system. The currency translation differences in the balance sheet are as follows (in Euros): The company uses the closing exchange rates at the end of the year for the balance sheet items. The exchange rates information is as follows: 31.12.2021:1Euro=10TL31.12.2022:1Euro=15TL Using the above information you present the financial statements in TL and find the currency translation difference to be reported in the comprehensive income statement as of the 2022 year-end as

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