Asked by Ailsa Hansen on May 26, 2024
Verified
The currency in which a company presents its financial statements is known as the:
A) Multinational currency.
B) Price-level-adjusted currency.
C) Specific currency.
D) Reporting currency.
E) Historical cost currency.
Reporting Currency
The currency in which a corporation's financial statements are expressed, as determined by the company's management.
- Comprehend the theory and effects of foreign exchange rates within the sphere of international finance.
Verified Answer
MB
Madawa BernardMay 27, 2024
Final Answer :
D
Explanation :
The reporting currency is the currency in which a company presents its financial statements. This is the currency that shareholders and investors will see and use to evaluate the company's financial performance.
Learning Objectives
- Comprehend the theory and effects of foreign exchange rates within the sphere of international finance.