Oracle
1Z0-408 · Question #70
1Z0-408 Question #70: Real Exam Question with Answer & Explanation
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Question
Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required?
Options
- AReverse them in the same period as the revaluation run.
- BBoth balance sheet and income statement revaluation journals should be reversed in the
- CNever, because each period's revaluation adjustment is justforthat period.
- DThe reversals must be done at the end of each quarter.
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