Given These Two Exchange Rates, $1 = 1

question 73

Multiple Choice

Given these two exchange rates, $1 = 1.3254 Australian dollars and $1 = £0.5233, compute the cross rate between the Australian dollars and the pound. State this exchange rate in Australian dollars and in pounds.

• A) A$2.5329, 0.3948 pounds
• B) A$0.3948, 2.5329 pounds
• C) A$0.3948, 0.6936 pounds
• D) A$0.6936, 0.3948 pounds

Analyze and compute net cash inflows and outflows from various activities.

Identify cash and cash equivalents and understand their roles in the cash flow statement.

Understand the effects of changes in assets and liabilities on cash flows.

Comprehend non-cash investing and financing activities and their disclosure requirements.

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