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6. What is meant by the translation of foreign currency financial statements? A. Converting financial statements prepared under foreign GAAP into domestic GAAP B.Converting

 

6. What is meant by the "translation" of foreign currency financial statements? A. Converting financial statements prepared under foreign GAAP into domestic GAAP B.Converting financial statements of a foreign currency into a domestic currency C.Converting the language used in financial statements from foreign to domestic D.Converting historic cost financial statements into current cost financial statements

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