IBM
C2020-605 · Question #28
Company ABC uses the temporal method of currency conversion, whereby gains/losses on translation are posted directly to the income statement. Which of the following shows a correct setting for the…
The correct answer is C. Option C. See the full explanation below for the reasoning.
Question
Company ABC uses the temporal method of currency conversion, whereby gains/losses on translation are posted directly to the income statement. Which of the following shows a correct setting for the currency conversion difference in the general configuration? (Account 2085 = Translation Difference)
Exhibit
Options
- AOption A
- BOption B
- COption C
- DOption D
How the community answered
(31 responses)- A6% (2)
- B13% (4)
- C77% (24)
- D3% (1)
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