It is possible to use different exchange rates for different line items on a financial statement.

Question

Quizplus · Accepted Answer

Depending on the nature of the transaction, it may be appropriate to use different exchange rates for different line items on a financial statement. For example, if a company has operations in multiple countries with varying exchange rates, they may use different rates for sales and expenses in each country. This is typically disclosed in the footnotes or accounting policies of the financial statements.

It Is Possible to Use Different Exchange Rates for Different