When the functional currency is the Canadian dollars, all foreign currency transactions must be translated into the equivalent amount in Canadian dollars at the date of the transaction. True or False...

Extracted text: When the functional currency is the Canadian dollars, all foreign currency transactions must be translated into the equivalent amount in Canadian dollars at the date of the transaction. True or False Saved A joint venture is a type of joint arrangement. Under IFRS, investments in joint ventures must be accounted for using the proportionate consolidation. True or False