Quarterly report pursuant to Section 13 or 15(d)

Foreign Currency Translation

Foreign Currency Translation
6 Months Ended
Apr. 30, 2018
Foreign Currency [Abstract]  
Foreign Currency Translation



The financial position and results of operations of the Company’s foreign subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of operations denominated in foreign currencies are translated into U.S. dollars at exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the weighted average exchange rates during the period. The resulting translation gains and losses on assets and


liabilities are recorded in accumulated other comprehensive income (loss), and are excluded from net income until realized through a sale or liquidation of the investment.