he entity's functional currency is usually the ____________.a.Reporting currencyb.Local currencyc.None of the aboved.Functional currency
Question
Solution 1
The entity's functional currency is usually the d. Functional currency.
Here's why:
a. Reporting currency: This is the currency in which a company presents its financial statements. It may not necessarily be the functional currency.
b. Local currency: This is the currency of Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powe
powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powe
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