________ occur as a result of changes in the value of currency, whereas ________ occur as a result of ongoing business activities.
A) Operating gains or losses; translation gains or losses
B) Swap losses; translation gains or losses
C) Translation gains or losses; operating gains or losses
D) all of the above

Question

Quizplus · Accepted Answer

Translation gains or losses occur as a result of changes in the value of currency, while operating gains or losses occur as a result of ongoing business activities. Option A is incorrect as operating gains or losses are not affected by changes in currency value, and option B is incorrect as swap losses are not necessarily related to currency value changes. Option D is incorrect as not all the choices given are correct.

________ Occur as a Result of Changes in the Value