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Question 1 0 2 . 5 pts Which of the following is not part of foreign currency translation? The translation adjustment gain or loss should
Question pts Which of the following is not part of foreign currency translation? The translation adjustment gain or loss should be included in earnings of the current period. The functional currency of each foreign operation must be identified. All elements of the financial statements of a foreign operation must be measured in the functional currency. If the functional currency of a foreign operation differs from the reporting currency, translation using the current exchange rate method is required.
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pts
Which of the following is not part of foreign currency translation?
The translation adjustment gain or loss should be included in earnings of the current period.
The functional currency of each foreign operation must be identified.
All elements of the financial statements of a foreign operation must be measured in the functional currency.
If the functional currency of a foreign operation differs from the reporting currency, translation using the current exchange rate method is required.
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