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Which among the following is TRUE in regards to reporting Foreign currency assets of a company under CPP a. Foreign currency as a monetary items

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Which among the following is TRUE in regards to reporting Foreign currency assets of a company under CPP a. Foreign currency as a monetary items are reported at closing exchange rate O b. Foreign currency must not be considered as a asset at all for revaluation OC. Foreign currency as a monetary asset must be reported at their transaction cost Od Foreign currency as Non-monetary asset must be reported at the closing exchange rate

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