Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Basic Question 1 of 2
The primary currency of the foreign entity's operating environment is known as the
B. functional currency.
C. presentation currency.
A. local currency.
B. functional currency.
C. presentation currency.
User Contributed Comments 0
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
compare and contrast presentation in (reporting) currency, functional currency, and local currency;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.