The Impact of Translating Transactions and Financial Statements from One

The impact of translating transactions and financial statements from one currency into another:

A) is included in determining period profit or loss in both cases
B) is normally included in period profit and loss for transactions, but for financial statements is recognised as other comprehensive profit and accumulated in a reserve called the foreign currency translation (FCT) reserve in chapter 24
C) is normally included in period profit and loss for transactions, but is recognised as other comprehensive profit through retained profits for financial statements
D) are both recognised directly as other comprehensive profit, with transactions recognised in retained profits and for financial statement in a reserve called the FCT reserve in chapter 24