special issues

Maneesh 02 May 2020 at 11:50 AM

Gains From remeasuring a foreign subsidiary's financial statement from the local
currency , Which is not the functional currency, into the parent company's currency 
should reported as a (an):
A) Deffered foreign exchange gain
B) Item of other Comprehensive Income.
C) Extraordinary item, net of income taxes.
D) Part of of continuing operations.

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FACULTY 13 May 2020 at 01:44 PM

Part of of continuing operations.(option D)

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