All of the Following Statements Are Stated in Brazil Reals

question 16

Multiple Choice

All of the following statements are stated in Brazil reals (R$)

Additional information:
Selected exchange rates:

Date of purchase of inventory on hand at year-end R$1 = $.05688
Dividends were declared on June 30,20X5
Opening inventory = R$130,000
Inventory purchases for the year = R$1,570,000
Machinery,land,and buildings were purchased on June 30,20X4
Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Bralta's net monetary position at June 30,20X4 was R$2,030,000.What is the accumulated translation gain (loss) under the temporal method?

• A)$(33,550)
• B)$ 22,140
• C)$ 52,851
• D)$ 52,855

---

Definitions:

Inventory

The raw materials, work-in-progress products, and completely finished goods that are considered to be the portion of a business's assets that is ready or will be ready for sale.

Asynchronization

The lack of synchronization; occurring not simultaneously or at different times or rates.

Financial Planning

Financial planning is the process of creating strategies for managing financial affairs and meeting life goals through the proper management of finances.

Cash Inflows

Money received by a company from its operational activities, investments, or financing.