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Exam 1z0-1054-21 topic 1 question 21 discussion

Actual exam question from Oracle's 1z0-1054-21
Question #: 21
Topic #: 1
[All 1z0-1054-21 Questions]

Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of 100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD
What two statements are true for the resulting revaluation run? (Choose two.)

  • A. The original journal entry in Euros remains the same.
  • B. The original journal entry in Euros is updated.
  • C. You have an unrealized exchange loss recorded.
  • D. You have an unrealized exchange gain recorded.
  • E. There is no unrealized exchange gain or loss calculated.
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Suggested Answer: AC 🗳️
by YM143 at Dec. 22, 2022, 4:44 p.m.

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YM143
2 years, 1 month ago
Answer :A&C
upvoted 1 times
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