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Unrealized foreign currency gains and losses included in the other comprehensive income section of a consolidated balance sheet represent?

a. Foreign currency transaction gains and losses. b.The amount resulting from translating foreign currency financial statements into the reporting currency. c. Re measurement gains and losses. d. Accounting not in accordance with generally accepted accounting principles.

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Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/04/01
Asad zaman
par Asad zaman , Audit/Finance , Rafaqat Baber and co

IAS21 deals with that issue. it depends on whether we are talkinf about monetory asset ot non monetery asset.Gain or losses on monetory assets are recognised in income statement .

suleiman bushnaq
par suleiman bushnaq , Senior AML Specialist , ING Tech Poland

B

Imran Adwani
par Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

Option 'a'.

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