The Exchange Gain or Loss on Repatriated Funds from a Foreign

question 11

Multiple Choice

The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the funds by:

• A) the difference between the exchange rate at the beginning of the year and the exchange rate at the end of the year.
• B) the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.
• C) the difference between the current exchange rate and the exchange rate at the end of the year.
• D) the difference between the exchange rate on the date of repatriation and the exchange rate at the beginning of the year.

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Definitions:

Insertions

The points at which tendons attach muscles to bones, often referred to as the ending point of a muscle.

Gastrocnemius Muscle

A major muscle located at the back part of the lower leg, contributing to plantar flexion (pointing the toes) and knee flexion, playing a crucial role in walking, running, and jumping.

Dorsiflexion

The action of raising the foot upwards towards the shin, decreasing the angle between the dorsum (top) of the foot and the leg.

Psoas Major

A large skeletal muscle that runs from the lumbar region of the vertebral column to the femur and is involved in flexing the hip joint and bending the spine.