Question: When translating into the functional currency, monetary liabilities are translated using the: A.exchange rate prevailing at the end of the last reporting period. B.exchange rate

When translating into the functional currency, monetary liabilities are translated using the:

A.exchange rate prevailing at the end of the last reporting period.

B.exchange rate current at the date the item was first recorded.

C.average rate.

D.exchange rate current at end of reporting period.

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