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Basic Question 2 of 2
Which of the following is NOT an indicator that must be assessed in determining an entity's functional currency?
B. Expenses.
C. Cash flows.
D. Retained earnings.
A. Financing.
B. Expenses.
C. Cash flows.
D. Retained earnings.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare and contrast presentation in (reporting) currency, functional currency, and local currency;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.