A Motorist Travels 160 Km at 80 Km/h and 160

question 249

Multiple Choice

A motorist travels 160 km at 80 km/h and 160 km at 100 km/h. What is the average speed of the motorist for this trip?

• A) 91 km/h
• B) 90 km/h
• C) 84 km/h
• D) 89 km/h

Understand the accounting treatment for monetary items in foreign currencies at the end of reporting periods.

Recognize the importance of forward contracts in managing foreign exchange risk.

Calculate the value of a forward contract at different key dates including the commitment date and settlement date.

Apply appropriate accounting principles for translating financial transactions under IAS 21.

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Definitions:

AASB 137

An accounting standard that provides the accounting treatment and disclosure for provisions, contingent liabilities, and contingent assets.

Comparative Information

Financial data presented for multiple periods, allowing users to identify trends, measure performance, and make comparisons over time.

Unused Amounts

Portions of a line of credit or loan commitment that have not been borrowed as of a particular point in time.