Reference no: EM132968763

Problem 1: Which of the following must be disclosed when the presentation currency of the parent entity is different from the functional currency?

Option 1: The reason for using a different presentation currency

Option 2: The fact they are different

Option 3: All of the above

Option 4: The functional currency

Problem 2: The method used to translate financial statements prepared in the functional currency into the presentation currency is known as the:

Select one:

Option 1: presentation method

Option 2: current rate method

Option 3: functional method

Option 4: temporal method