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:

\(- \frac { 3 } { n + 4 }\)

A fraction representing negative three divided by the sum of n and four, where n is any real number.

\(a _ { 5 }\)

The fifth term in a sequence, often defined by a formula or recurrence relation.

\(a _ { 6 }\)

Represents the sixth term in a sequence or series, typically found using a formula for the nth term.

\(34\)

An integer and natural number following 33 and preceding 35.