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NEW QUESTION: 1
A. Option C
B. Option D
C. Option A
D. Option B
Answer: C
NEW QUESTION: 2
A company has just implemented VoIP. Prior to the implementation, all of the switches were upgraded to layer 3 capable in order to more adequately route packages.
This is an example of which of the following network segmentation techniques?
A. Honeypot implementation
B. Separate public/private newtorking
C. Compliance implementation
D. Performance optimization
Answer: D
NEW QUESTION: 3
A reporting entity consolidates a foreign operation. This operation maintains its books its functional currency, which not that of a hyperinflationary economy. How should the amounts in the foreign operation's financial statements be translated into the presentation currency?
A. Expenses are translated at the closing rate.
B. Exchange differences are recognized equity.
C. Assets are translated at the exchange rates effect at the translation dates.
D. All amounts are translated at the closing rate for the most recent balance sheet date.
Answer: B
Explanation:
An exchange difference arises when a given amount of one currency is translated into another currency at different rates. Exchange differences are recognized in a separate component of equity when they arise from translation of functional currency amounts into the presentation amounts. Such exchange difference are not recognized in profit or loss because they have little, if any, direct effect on operational case flows.