Under the current rate method foreign exchange differences are recognised in:
A) profit or loss
B) other comprehensive income
C) equity
D) none of the above

Name: Under the current rate method foreign exchange differences are recognised in: A) profit or loss B) other comprehensive income C) equity D) none of the above
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Question

Quizplus · Accepted Answer

Under the current rate method, foreign exchange differences are recognized in other comprehensive income as part of the translation adjustment.

Under the Current Rate Method Foreign Exchange Differences Are Recognised