All of the Following Statements Are Stated in Brazil Reals

question 38

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.Under the temporal method,what is the total of the non-monetary assets?

• A)$1,565,090
• B)$1,735,730
• C)$2,151,832
• D)$2,185,770

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Definitions:

Grinding Machines

Machinery designed for the purpose of grinding materials to finer textures and shapes.

Profitable Use

The application or allocation of resources in a manner that maximizes the financial returns or benefits.

Variable Cost

Expenses that fluctuate in direct proportion to the amount of production, including raw materials and direct labor costs.

Grinding Machine Time

This refers to the amount of time a grinding machine is in actual operation to perform its designated tasks.