alleryStart learning →Presentation of foreign currency cash flows in a cash flow statement is covered by
AAS 11
BAS 10
CAS 2
DAS 3
Answer & Solution
Correct answer: D. AS 3
AS 11 leaves the presentation of foreign currency cash flows to AS 3, Cash Flow Statements.
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Related questions
Sales prices set mainly by local competition or regulation point to aAn active local sales market for an operation's products suggests it isUnder the long-term item option, differences on a depreciable asset areA foreign currency item is a long-term monetary item if its term at origination is at leasParagraph 46A covers accounting periods commencing on or afterThe paragraph 46 option for long-term monetary items applies from periods starting on or aBesides transactions and foreign operations, AS 11 coversAS 11 does not cover restating statements into another currency for