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  2. Topic
    Business
  3. Study Set
    Accounting for Corporate
  4. Exam
    Exam 10: Translation and Consolidation of Foreign Currency Financial Statements
  5. Question
    The Transactions of a Foreign Company Must Be Recorded In
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The Transactions of a Foreign Company Must Be Recorded In

Question 21

Question 21

Multiple Choice

The transactions of a foreign company must be recorded in:


A) its functional currency.
B) its presentation currency.
C) either functional or presentation currency.
D) none of the above.

Correct Answer:

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