Question
An exchange difference is realised: Select one: a. when the exchange rate changes between initial recognition and cash settlement. b. on remeasurement of a monetary
An exchange difference is ‘realised’: Select one:
a. when the exchange rate changes between initial recognition and cash settlement.
b. on remeasurement of a monetary liability at the end of the reporting period.
c. on initial recognition of a monetary asset.
d. when the exchange rate changes between initial recognition and end of reporting period.
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
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