What model of investment property denominated in foreign

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Problem 1: What model of investment property denominated in foreign currency will result to foreign currency gain or loss?

a. Cost model

b. Fair value model

c. Both a and b

d. Neither a nor b

Problem 2: Which of the following financial statements is not required to be presented by an entity?

a. Statement of retained earnings

b. Statement of comprehensive income

c. Statement of cash flows

d. Statement of financial position

Reference no: EM132773070

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