Chartered Financial Analyst Level 2
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A foreign subsidiary's functional currency is the parent company's presentation currency. The subsidiary's PP&E will be translated at:
A foreign subsidiary's functional currency is the parent company's presentation currency. The subsidiary's PP&E will be translated at:
Exam-Like
A
current exchange rates with gains and losses from translation reported in the equity section.
B
current exchange rates with gains and losses from translation reported on the income statement.
C
historical exchange rates with gains and losses from translation reported on the income statement.
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