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If the functional currency of a foreign operation is different than the parent's, functional currency,...

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Accounting

If the functional currency of a foreign operation is different than the parent's, functional currency, how are exchange gains and losses to be reported?currency translation (PCT) method, which of the following statements is correct?

Multiple Choice

  • a) As part of the acquisition differential amortization.

  • b) As part of other comprehensive income.

  • c) In an exchange account.

  • d) As part of the non-controlling interest.

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