Gains or losses resulting from the translating of foreign currency denominated operations into the reporting currency are recognised in income:
A) only if they are material items.
B) only when they are settled in cash.
C) in the reporting period in which they arise.
D) only when the interest in the foreign operation is sold.

Question

Quizplus · Accepted Answer

The Answer of Gains or losses resulting from the translating of foreign currency denominated operations into the reporting currency are recognised in income:
A) only if they are material items.
B) only when they are settled in cash.
C) in the reporting period in which they arise.
D) only when the interest in the foreign operation is sold.

Gains or Losses Resulting from the Translating of Foreign Currency