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

question 4

Multiple Choice

As prescribed in AASB 121,when re-measuring 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;
• E) None of the given answers

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Definitions:

Brand's Equity

Refers to the value and strength of a brand that has been built over time through consumer recognition, perceptions, and loyalty.

Consumer Loyalty

The likelihood of customers to continue buying from a particular brand or company due to satisfaction, positive experiences, or perceived value.

Perceived Value

The customer's assessment of the worth or utility of a product or service, based on its perceived benefits versus cost.

Branding Efforts

Activities undertaken by a company to create, maintain, and strengthen a brand's identity, visibility, and reputation in the market.