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Which of the following statements related to the taxation of foreign currency transactions is correct?...

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Accounting

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Which of the following statements related to the taxation of foreign currency transactions is correct? Select one O A All gains or losses that result from foreign currency transactions are treated as capital gains and losses OB. When a Canadian corporation issues foreign currency debt, a gain or loss will only be recognized when the debt is repaid OC A foreign clittency gain or loss will arise when Canadian dollars are converted to a different currency OD. For individuals, the first $200 of foreign currency gains can always be excluded from income

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