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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 33: Translating the Financial Statements of Foreign Operations
  5. Question
    The Translation Approach Required by AASB 121 in Translating to Presentation
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The Translation Approach Required by AASB 121 in Translating to Presentation

Question 7

Question 7

True/False

The translation approach required by AASB 121 in translating to presentation currency is similar to the 'current rate' method required under the former AASB 1012.

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