Quarterly report pursuant to Section 13 or 15(d)

Foreign Currency Translation

Foreign Currency Translation
9 Months Ended
Jul. 31, 2020
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 in the jurisdiction in which the subsidiary operates as the functional currency. Assets and liabilities of operations denominated in foreign currencies are translated into US 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 reporting period. The resulting translation gains and/or losses on assets and liabilities are recorded in accumulated other comprehensive income (loss), and are excluded from net income (loss) until realized through a sale or liquidation of the investment.