Question
6- The translation adjustment that arises when the translation process is used is disclosed as other comprehensive income. true false 2- The historical exchange rate
6- The translation adjustment that arises when the translation process is used is disclosed as other comprehensive income.
true
false
2- The historical exchange rate is the exchange rate that existed when a specific transaction occurred, such as the effective exchange rate on the day a piece of equipment was purchased.
true
false
4- If the recording currency of the subsidiary is equal to its functional currency, then all asset and debt accounts of the subsidiary are translated using the effective exchange rate on the date of preparation of the Balance sheet
true
false
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