TRANSLATION OF FOREIGN CURRENCY FINANCIAL STATEMENTS
Abstract
Statement of Financial Position Exposure As exchange rates change, assets and liabilities translated at the current exchange rate change in value from Statement of Financial Position to Statement of Financial Position in terms of the parent company’s reporting currency (for example, U.S. dollar). These items are exposed to translation adjustment. Statement of Financial Position items translated at historical exchange rates do not change in parent currency value from one Statement of Financial Position to the next.
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