Multiple Choice
Exchange differences resulting from the translation of foreign operations to presentation currency are shown:
A) In the 'Retained Earnings' section of equity.
B) In the 'General Reserve' section of equity.
C) In the 'Asset Revaluation Reserve' section of equity.
D) Any of the given answers, at the discretion of entity management.
E) None of the given answers.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Distributions from retained profits are translated at<br>A)
Q21: Rudd Ltd,an Australian entity purchased Lee Ltd
Q22: Lennon Ltd has two foreign operations based
Q23: Aus Co Ltd has a foreign operation
Q25: The net assets of a foreign operation
Q27: Under the translation method required by AASB
Q28: The exchange rate used for the translation
Q29: In the process of consolidating the translated
Q39: In translating the accounts of a foreign
Q48: AASB 121 requires foreign currency transactions to