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    Business
  3. Study Set
    Accounting for Corporate
  4. Exam
    Exam 10: Translation and Consolidation of Foreign Currency Financial Statements
  5. Question
    Translation of Financial Statements into the Presentation Currency Requires
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Translation of Financial Statements into the Presentation Currency Requires

Question 20

Question 20

Multiple Choice

Translation of financial statements into the presentation currency requires:


A) translation of assets and liabilities at closing rate
B) translation of revenues and expenses at historical or average rate
C) both A and B
D) none of the above

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