C_S4FCC_2021 · Question #36
Where do non-historic currency translation adjustments normally post? Note: There are 2 correct answers to this question.
The correct answer is A. To currency translation adjustment FS item D. To a currency translation adjustment subitem. Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.
Question
Where do non-historic currency translation adjustments normally post? Note: There are 2 correct answers to this question.
Options
- ATo currency translation adjustment FS item
- BTo the original FS item
- CTo the original subitem
- DTo a currency translation adjustment subitem
How the community answered
(20 responses)- A85% (17)
- B5% (1)
- C10% (2)
Explanation
Non-historic currency translation adjustments normally post to a currency translation adjustment financial statement (FS) item and to a currency translation adjustment subitem. This allows for proper tracking and reporting of currency translation adjustments.
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