Exchange differences resulting from the translation of foreign operations to presentation currency are shown:
A) In the 'Retained Earnings' section of equity.
B) In the 'General Reserve' section of equity.
C) In the 'Asset Revaluation Reserve' section of equity.
D) Any of the given answers, at the discretion of entity management.
E) None of the given answers.

Question

Quizplus · Accepted Answer

Exchange differences resulting from the translation of foreign operations to presentation currency are typically shown in the 'Other Comprehensive Income' section of equity, not in any of the options provided.

Exchange Differences Resulting from the Translation of Foreign Operations to Presentation