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  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 33: Translating the Financial Statements of Foreign Operations
  5. Question
    As Prescribed in AASB 121,translation of the Accounts of Foreign
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As Prescribed in AASB 121,translation of the Accounts of Foreign

Question 34

Question 34

True/False

As prescribed in AASB 121,translation of the accounts of foreign operations to the presentation currency requires any gains or losses on translation be taken directly to reserves.

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