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Question 3 Which of the following statements is false? Exchange rates used for remeasurement differ from those used in translation. The only difference in exhange
Question 3
Which of the following statements is false?
Exchange rates used for remeasurement differ from those used in translation.
The only difference in exhange rates between remeasurement and translation of the balance sheet is the non-monetary accounts.
The rates used to remeasure the income statement are all the same as those used in translation.
After remeasuring all items, the trial balance usually won't balance.
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