Which three statements are true about the revaluation process?

Which three statements are true about the revaluation process? (Choose three.)

Which three statements are true about the revaluation process? (Choose three.)

A.
Revaluation calculates the differences between the current cumulative functional currency
balance of the foreign transactions and the revalued functional currency balance calculated
using the revaluation rate.

B.
The revaluation process revalues the foreign currency portion of the account balances
using the revaluation rate defined in the Period Rates table.

C.
The revaluation process should be executed after the transaction process has completed.

D.
You must post the revaluation journal entries.



Leave a Reply 0

Your email address will not be published. Required fields are marked *