The functional currency of an entity is the currency of the prime economic environment in which the entity operates.

Name: The functional currency of an entity is the currency of the prime economic environment in which the entity operates.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The functional currency is determined by the economic environment in which the entity operates, including the currency of the primary economic environment. Therefore, the statement is true.

The Functional Currency of an Entity Is the Currency of the Prime