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- IAS 21 – Foreign Exchange 0%
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Question 1 of 4
Which of the following statements is not correct?CorrectIncorrect
Question 2 of 4
IAS 21 applies to the presentation in a statement of cash flows of the cash flows arising from transactions in a foreign currency, or to the translation of cash flows of a foreign operation.CorrectIncorrect
Question 3 of 4
Which of the following terms are defined by the statement: “The currency of the primary economic environment in which the entity operates”?CorrectIncorrect
Question 4 of 4
Exchange rate is the ratio of exchange for __________.CorrectIncorrect