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NEW QUESTION: 1
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NEW QUESTION: 2
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Which of the following best explains the difference between the currency conversion difference account1and conversion difference account2?
A. Conversion difference account1 is used if the BS/PL reserve account is non-integrated; account2 is used if the BS/PL account is integrated.
B. Conversion difference account1 is used for Method 1 currency conversion and account2 is used for Method 2
C. Conversion difference account1 is used to book positive currency conversion; account2 is used to book negative currency conversion.
D. Conversion difference account1 is often the unrestricted reserves account and account2 the restricted reserve account.
Answer: C
Explanation:
Explanation/Reference:
Explanation:

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