Foreign currency transaction gains and losses are displayed in an income statement as extraordinary items because they are unusual in nature and are not expected to recur as a consequence of customary and continuing business activities.

Name: Foreign currency transaction gains and losses are displayed in an income statement as extraordinary items because they are unusual in nature and are not expected to recur as a consequence of customary and continuing business activities.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

The Answer is False

Foreign Currency Transaction Gains and Losses Are Displayed in an Income