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here in part iii) the parent has a foreign subsidiary which has a financial instrument.Any exchange will go to P/L right?cz only the exch differences on net assets and goodwill goes to OCI right?
Who am I to disagree with the might of BPP
I’ve read so much about incurred losses and expected losses this last few hours that my head is beginning to spin.
That, together with impairments, FVTPorL, FVTOCI and amortised cost basis that I shall be happy when next Tuesday is over!
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