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An Entity Is Required to Measure Its Financial Results and Financial

Question 2

Multiple Choice

An entity is required to measure its financial results and financial position in its functional currency. After restatement, an entity


A) must present its financial position in both the functional currency and reporting currency.
B) can present its financial statements in any currency.
C) must present its financial results in the functional currency but can present its financial position in any currency.
D) can present its statement of financial position and financial results in pre-hyperinflationary currency units.

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