Question: Translating from the functional currency to the presentation currency involves which of the following procedures? Select one: Translate the income and expenses at the exchange

Translating from the functional currency to the presentation currency involves which of the following procedures?

Select one:

Translate the income and expenses at the exchange rates at the dates of the transactions

Recognise exchange differences in other comprehensive income.

Translate the assets and liabilities at the closing rate at the date of the statement of financial position

All of the above

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