For private enterprises that use the current-rate method, how does reporting under Accounting Standards for Private Enterprises (ASPE) differ from reporting under IFRS?
A) Exchange gains and losses are reported as other comprehensive income.
B) Exchange gains and losses are reported as net income.
C) Exchange gains and losses are reported as a separate component of shareholders' equity.
D) The current-rate method is not permitted under ASPE.
Correct Answer:
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