If the Assets of a Foreign Operation Exceed Its Liabilities,and

Question 13
Multiple Choice

If the assets of a foreign operation exceed its liabilities,and the value of the functional currency (for example the Euro)falls relative to the currency of the foreign operations,there will be: A)a credit to the 'foreign currency translation reserve' in the consolidated financial statements. B)a debit to the 'foreign currency translation reserve' in the consolidated financial statements. C)a credit to 'foreign currency translation revenue' in the consolidated financial statements. D)a debit to the 'foreign currency translation expense' in the consolidated financial statements.