Under the Translation Method Required by AASB 121,the Approach to Translating

question 10

Multiple Choice

Under the translation method required by AASB 121,the approach to translating a foreign operation's accounts includes:

• A) translating monetary items at the closing rate of exchange .
• B) translating non-monetary assets at the average exchange rate since the date of purchase of the asset.
• C) translating transfers of post-acquisition equity items within the equity category at the rate of exchange current at the date the original equity item was first included in equity.
• D) translating revenues and expenses at the average rate of exchange applied to equity items.

---

Definitions:

In-depth Interview

A qualitative research technique involving detailed, one-on-one conversations between a researcher and a participant to explore opinions, beliefs, or experiences.

Mall

A large indoor shopping complex featuring a variety of stores, restaurants, and sometimes entertainment facilities under one roof.

Experiment

A method of research in the sciences or social sciences in which variables are manipulated to observe the effect on some behavior or condition.

Cupcakes

Small, individual-sized cakes baked in a cup-shaped mold, often decorated with frosting and other toppings.