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  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 25: Translating the Financial Statements of Foreign Operations
  5. Question
    As Prescribed in IAS 21,translation of the Financial Statements of Foreign
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As Prescribed in IAS 21,translation of the Financial Statements of Foreign

Question 21

Question 21

True/False

As prescribed in IAS 21,translation of the financial statements of foreign operations to the presentation currency requires any gains or losses on translation be taken directly to reserves.

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