As Prescribed in AASB 121,when Re-Measuring Financial Statements of Foreign

question 3

Multiple Choice

As prescribed in AASB 121,when re-measuring financial statements of foreign operations to presentation currency,which of the following identifies all items to be remeasured at historic rates?

• A) cash, accounts receivable and accounts payable
• B) inventory, goodwill, property plant and equipment
• C) accounts payable, unearned revenue and note payable
• D) gain on sale of non-current assets, dividend revenue and dividends paid

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