Just did a mock question 20 PM session 2016. It states that something like below. Is this something we need to memorize? Thanks!
. Even though Tagus incurs most costs and its
financing (long-term debt) in EUR, under IFRS, Factors 1 and 2 (dealing with revenues and sales
prices) rank higher than Factors 3 and 4 (dealing with operating and financing costs) when
determining functional currency
. Even though Tagus incurs most costs and its
financing (long-term debt) in EUR, under IFRS, Factors 1 and 2 (dealing with revenues and sales
prices) rank higher than Factors 3 and 4 (dealing with operating and financing costs) when
determining functional currency