All of the Following Statements Are Stated in Brazil Reals

question 35

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.What is the balance of total assets under the temporal method?

• A)$2,108,625
• B)$2,154,000
• C)$2,183,620
• D)$2,185,570

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Definitions:

Mental Picture

A visual representation formed in the mind, which can be recalled or imagined without the physical presence of the object.

Object

In general usage, any material thing that can be seen and touched. In psychological contexts, an object can refer to a target of attention or affection.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in the study of child development and his theory of cognitive development that explains how children construct a mental model of the world.

Circular Reactions

Repetitive actions in early childhood development that allow infants to explore and learn about their environment.