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:

NaBr

Sodium Bromide, a chemical compound with the formula NaBr, used in medicine, as a sedative or anticonvulsant, and in photographic processing.

KI

The chemical formula for potassium iodide, an ionic compound that is used medically in thyroid blocking and also as a nutritional supplement.

Molarity

A metric determining the amount of a solute within a solution, specified as moles of the solute for every liter of solution.

Molarity

A measure of the concentration of a solute in a solution, expressed as the number of moles of solute per liter of solution (mol/L).