Question: please make sure the answer is correct 100% 1. What is meant by the translation of foreign currency financial statements? (1 Point) converting financial statements

 please make sure the answer is correct 100% 1. What is

please make sure the answer is correct 100%

1. What is meant by the "translation" of foreign currency financial statements? (1 Point) converting financial statements prepared under foreign GAAP into domestic GAAP converting the language used in financial statements from foreign to domestic converting financial statements of a foreign currency into a domestic currency converting historic cost financial statements into current cost financial statements

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