Page 364 - F2 Integrated Workbook STUDENT 2019
P. 364

Chapter 17




               1.2  Determining the functional currency



                            Used for                                                      Competitive
                          Sales prices                                                       forces












                 Cash receipts
                    retained                                                                   Used to pay
                                                  Functional Currency                              staff
                                                      as per IAS 21








                     Used for financing
                                                                                       Used to buy
                                                                                        materials

































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