NO.PZ2018111303000069
问题如下：
Scenery manufacturer is a CHINA-based company, Scenery has a subsidiary, XZZ, operates in US, XZZ was acquired in 2018 and has never paid a dividend. It records inventory using the FIFO method. RMB is expecting depreciation in the future.
Flexi, CFA, he gathers XZZ’s financial statements and the RMB/US dollar exchange rates in the following table:
If the RMB were chosen as the functional currency for XZZ in 2018, Scenery’s shareholders’ exposure will be:
选项：
A.-5
B.2,145
C.860
解释：
A is correct.
考点：exposure
解析：
如果RMB是functional currency, 说明functional currency = reporting currency, 我们选择temporal method.
Exposure= monetary assets – monetary liability =210+300-270-245=-5,负号代表exposure为净负债的头寸
reporting ccy 不是美元吗？为什么说functinal ccy和reporting ccy一样
