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12911 |
Consolidated financial statements
IAS 29-pr35
When both parent and subsidiary
report in hyperinflationary currencies,
financial statements of subsidiary are restated
using general price index of (1)
(1) the country of subsidiary's presentation currency
Translation of foreign subsidiary
Financial statements of (2)
are translated at closing rates.
(2) foreign subsidiary in hyperinflationary economies
Financial statements of (3)
are translated following the rules of IAS 21
(3) foreign subsidiary not in hyperinflationary economies
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International Accounting
Standards (IAS)