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Exam 1z0-1054-23 topic 1 question 23 discussion

Actual exam question from Oracle's 1z0-1054-23
Question #: 23
Topic #: 1
[All 1z0-1054-23 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 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run? (Choose two.)

  • A. There is no unrealized exchange gain or loss calculated.
  • B. You have an unrealized exchange loss recorded.
  • C. The original journal entry in Euros is updated.
  • D. The original journal entry in Euros remains the same.
  • E. You have an unrealized exchange gain recorded.
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Suggested Answer: BD 🗳️
by [deleted] at April 4, 2025, 11:06 a.m.

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