As Prescribed in IAS 21,when Remeasuring Financial Statements of Foreign

question 9

Multiple Choice

As prescribed in IAS 21,when remeasuring financial statements of foreign operations to functional currency,which of the following identifies all items to be re-measured at historic rates?

• A)cash, inventory and accounts receivable
• B)payables, long-term loan and unearned revenue
• C)inventory, goodwill, property plant and equipment
• D)accounts receivable, accounts payable and accrued expenses

---

Definitions:

Constitutional Right

A right that is protected and guaranteed by a country's constitution, often relating to the freedoms and liberties of its citizens.

Fair Trial

A legal process in which an individual's rights are respected, including the right to a public hearing, a neutral judge, and a fair judgment.

Criminal Case

A legal action brought by the state against an individual or group for violating criminal law.

Beyond a Reasonable Doubt

A standard of proof required in criminal cases, indicating that there is no plausible reason to believe otherwise than the defendant is guilty.