Yarra Manufacturing Plc is a British registered entity that has a branch in Singapore,Kew Plc.Kew Plc has a foreign operation in China.The foreign operation maintains its accounting records in Chinese yuan.The functional currency of the Chinese operation is Singapore dollar.The presentation currency of Kew Plc is British pound. At reporting date,the translation of the financial statements of the Chinese foreign operation resulted in a loss of S$6500 and the translation of the financial statements of Kew Plc to its presentation currency resulted to a gain of £4500.
Which of the following results is consistent with IAS 21 with respect to Yarra Manufacturing Plc?
A)Loss of S$6500 should be recognised in profit and loss.
B)Loss of S$6500 should be recognised in comprehensive income.
C)Gain of £4500 should be recognised in profit and loss.
D)Gain of £4500 should be recognised in comprehensive income.

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The Answer of Yarra Manufacturing Plc is a British registered entity that has a branch in Singapore,Kew Plc.Kew Plc has a foreign operation in China.The foreign operation maintains its accounting records in Chinese yuan.The functional currency of the Chinese operation is Singapore dollar.The presentation currency of Kew Plc is British pound. At reporting date,the translation of the financial statements of the Chinese foreign operation resulted in a loss of S$6500 and the translation of the financial statements of Kew Plc to its presentation currency resulted to a gain of £4500.
Which of the following results is consistent with IAS 21 with respect to Yarra Manufacturing Plc?
A)Loss of S$6500 should be recognised in profit and loss.
B)Loss of S$6500 should be recognised in comprehensive income.
C)Gain of £4500 should be recognised in profit and loss.
D)Gain of £4500 should be recognised in comprehensive income.

Yarra Manufacturing Plc Is a British Registered Entity That Has