Multiple Choice
AASB 121/IAS 21 requires that the financial report disclose which of the following?
A) The net exchange differences recognised in OCI and accumulated in a separate component of equity.
B) The amount of exchange differences recognised in the profit or loss for the period other than those that relate to financial instruments measured at fair value through profit or loss.
C) Any change in functional currency and reason for change.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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Q16: A forward contact to buy US$40 000
Q17: All of the following are foreign currency
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Q19: A foreign exchange dealer using the indirect