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DETERMINE HOW A COUNTRY DECIDES/FINALISES ITS FUNCTIONAL CURRENCY ON THE BASIS OF FOLLOWING FACTORS: the location of primary sales markets, sources of materials and labor,
DETERMINE HOW A COUNTRY DECIDES/FINALISES ITS FUNCTIONAL CURRENCY ON THE BASIS OF FOLLOWING FACTORS:
- the location of primary sales markets,
- sources of materials and labor,
- the source of financing, and
- the amount of intercompany transactions should be evaluated in identifying an entity's functional currency.
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