When a company selects a presentation currency for its financial statements that is different than its functional currency, the statements must be translated into the ____________ currency.
A)presentation
B)functional
C)transaction
D)foreign

Question

Quizplus · Accepted Answer

When a company selects a presentation currency that is different from its functional currency, the financial statements must be translated into the presentation currency for external reporting purposes.

When a Company Selects a Presentation Currency for Its Financial