What unit of measure is typically used in the financial statements of Canadian companies? What are the

Question:

What unit of measure is typically used in the financial statements of Canadian companies? What are the some of the benefits and drawbacks of using the Canadian dollar as the unit of measure?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...