5.Will a company use the same exchange rate when translating ,Assets ,Liabilities,Revenues and Expenses? Explain

Explain the concept of American depositary receipts (ADRs).

A). Why do we need to translate the financial statement of foreign operations? B). Explain the concepts of local currency, functional currency and presentation, orrency with example. K C). How is the profit or loss from translating foreign operations' financial statements from local currency to functional currency treated? D) How are the profit and loss from translating foreign ope ions' financial statements from functional currency to presentation currency treated?

there are two aspects when it comes to translating financial statements from one currency to the other. What are these two aspects? How do you go about translating each account on the financial statements from one currency to the other?