Exchange differences resulting from the translation of foreign operations to presentation currency are shown:
A) in the 'retained earnings' section of equity.
B) in the 'general reserve' section of equity.
C) in the 'asset revaluation reserve' section of equity.
D) none of the given answers.

Question

Quizplus · Accepted Answer

Exchange differences resulting from the translation of foreign operations to presentation currency are typically recognized in other comprehensive income and accumulated in a separate component of equity, often referred to as the "foreign currency translation reserve" or similar, which is not explicitly listed among the given options.

Exchange Differences Resulting from the Translation of Foreign Operations to Presentation