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Hello, this is my 1st post here..regarding IAS 21,i hav a query. How do u know which exchange rates to be used when u are translating different items of a foreign subsidiary? i mean the opening,closing or average? im really very confused,as i have seen questions in the kaplan kit that translate post acq profit & share capital at the opening rate while other questions they have used the closing exchange rate….
help will be very much appreciated..
thanks.
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