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A) as an Item to Be Included in Income or Loss

Question 4

Multiple Choice

A) As an item to be included in income or loss for the year. B) As a reduction or increase in the carry cost of the asset. C) As a contra account to be fully disclosed and to show the impact of foreign exchange differences. D) The differences should be included in the calculation of other comprehensive income.

A) As an item to be included in income or loss for the year.
B) As a reduction or increase in the carry cost of the asset.
C) As a contra account to be fully disclosed and to show the impact of foreign exchange differences.
D) The differences should be included in the calculation of other comprehensive income.

Correct Answer: