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Basic Question 2 of 2
Which of the following is NOT an indicator that must be assessed in determining an entity's functional currency?
B. Expenses.
C. Cash flows.
D. Retained earnings.
A. Financing.
B. Expenses.
C. Cash flows.
D. Retained earnings.
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Learning Outcome Statements
compare and contrast presentation in (reporting) currency, functional currency, and local currency;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.