The initial correct treatment in consolidated accounts of exchange differences arising on a monetary item...
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The initial correct treatment in consolidated accounts of exchange differences arising on a monetary item that forms part of a net investment in a foreign company, in accordance with IPSAS 'The Elfects of Changes in Foreign Exchange Rates', is: Please select the right answer Sorry, your answer was not correct! Translate at the closing rate with resulting gains and losses reported in surplus or deficit Translate at the closing rate with resulting gains and losses reported in a separate component of net assetsequity Translate at the rate of exchange ruling on the date of the transaction with resulting gains and losses reported in surplus or deficit Translate at the rate of exchange ruling on the date of the transaction with resulting gains and losses reported in the statement of net assetsequity 
The initial correct treatment in consolidated accounts of exchange differences arising on a monetary item that forms part of a net investment in a foreign company, in accordance with IPSAS 'The Elfects of Changes in Foreign Exchange Rates', is:
Please select the right answer
Sorry, your answer was not correct!
Translate at the closing rate with resulting gains and losses reported in surplus or deficit
Translate at the closing rate with resulting gains and losses reported in a separate component of net assetsequity
Translate at the rate of exchange ruling on the date of the transaction with resulting gains and losses reported in surplus or deficit
Translate at the rate of exchange ruling on the date of the transaction with resulting gains and losses reported in the statement of net assetsequity
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