There Are Two Broad Categories of Foreign Currency Issues That

Multiple Choice

There are two broad categories of foreign currency issues that arise in financial reporting.They are:

A) Reporting purchase price parity and reporting foreign interest rate adjustments.
B) Accounting for foreign currency debt and offshore financing.
C) Accounting for foreign currency transactions and translating the accounts of foreign subsidiaries.
D) Accounting for foreign currencies using the forex buy rate and the forex sell rate.
E) None of the given answers.