Gains or losses that arise as a result of translating foreign currency denominated operations into the reporting currency are recognised in income:
A) in the reporting period in which they arise;
B) only when the interest in the foreign operation is sold;
C) only if they are material items;
D) only when they are settled in cash.

Question

Quizplus · Accepted Answer

The Answer of Gains or losses that arise as a result of translating foreign currency denominated operations into the reporting currency are recognised in income:
A) in the reporting period in which they arise;
B) only when the interest in the foreign operation is sold;
C) only if they are material items;
D) only when they are settled in cash.

Gains or Losses That Arise as a Result of Translating