The Following Items Are in the Financial Statements of Pirie

question 26

Multiple Choice

The following items are in the financial statements of Pirie Plc as at 30 June 2015. $$\begin{array} { | l | l | } \hline \text { I } & \text { Foreign currency accounts receivable } \\\hline \text { II } & \text { Foreign currency long-term debt } \\\hline \text { III } & \text { Machinery measured in foreign currency-at cost } \\\hline \text { IV } & \text { Inventories measured in foreign currency } \\\hline\end{array}$$ Which of the following combinations identify all items required to be translated at spot rate on 30 June 2015 as prescribed in IAS 21 The Effects of Changes in Foreign Exchange Rates?

• A)I and II
• B)II and III
• C)II and IV
• D)III and IV

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Definitions:

External Genitalia Examination

A medical inspection of the external organs of the reproductive system.

Hormone Therapy

The use of hormones in medical treatment, particularly for conditions like menopause or certain cancers.

Abnormal Finding

A result in a medical test that differs from the typical or expected range, indicating a possible health issue or condition.

Concave

A shape or surface that curves inward or is hollowed out, as opposed to being convex or protruding.