The Following Items Are in the Financial Statements of Pirie

question 11

Multiple Choice

The following items are in the financial statements of Pirie Ltd as at 30 June 2012.

Which of the following combinations identify all items required to be translated at spot rate on 30 June 2012 as prescribed in AASB 112 "The effects of changes in foreign exchange rates"?

• A) I and II:
• B) II and III;
• C) II and IV
• D) III and IV
• E) I and III.

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Definitions:

K-baud

A unit of transmission speed equal to one thousand bits per second, often used in telecommunications.

OEMs

OEMs stands for Original Equipment Manufacturers, which are companies that produce parts and equipment that may be marketed by another manufacturer.

High Bus Wiring

Electrical wiring systems in vehicles or electronic systems that operate at higher voltages for efficient signal transmission.

Low Bus Wiring

Wiring techniques or systems used in low-level voltage applications, particularly in bus or coach electrical systems for safe and efficient power distribution.