Question: For IFRS reporting, if the functional currency is the same as the presentation currency, any translation gains or losses are generally reported as a. A

For IFRS reporting, if the functional currency is the same as the presentation currency, any translation gains or losses are generally reported as

a. A gain or loss on the statement of income.

b. A gain or loss in other comprehensive income.

c. A gain or loss directly in the retained earnings account.

d. An extraordinary item on the statement of income.

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