Which of the following must be disclosed when the presentation currency of the parent entity is different from the functional currency?
A) The reason for using a different presentation currency
B) The fact they are different
C) The functional currency
D) All of the above

Question

Quizplus · Accepted Answer

All of the above must be disclosed when the presentation currency of the parent entity is different from the functional currency. The reason for using a different presentation currency must be disclosed to provide adequate information to the users of the financial statements. The fact that the presentation currency and functional currency are different must be disclosed to avoid any confusion for the users. Additionally, the functional currency must also be disclosed as it provides important information about the economic environment in which the entity operates.

Which of the Following Must Be Disclosed When the Presentation