Under the Translation Method Required by IAS 21,the Approach to Translating

question 18

Multiple Choice

Under the translation method required by IAS 21,the approach to translating a foreign operation's financial statements includes:

• A)translating post-acquisition changes in equity at the exchange rate current at the date of the change.
• B)translating non-monetary assets at the spot exchange rate at the date of the purchase transaction.
• C)translating revenue and expense items at the average rate for the period where the revenues and expense transactions have been evenly distributed over the period.
• D)translating proposed distributions from retained profits at the exchange rate current when the distributions are completed in cash.

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Definitions:

Bisexual

The sexual orientation of an individual who is attracted to both male and female genders.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to individuals of the same sex, opposite sex, both sexes, or neither sex.

Pregnancy Prevention

Strategies or methods used to avoid unintended or unwanted pregnancy, including contraception, abstinence, and education.

Condom Use

The practice of using condoms as a contraceptive method and to reduce the risk of transmitting sexually transmitted infections (STIs).