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

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Definitions:

Mammals

Warm-blooded vertebrates characterized by the presence of hair or fur, the secretion of milk by females for feeding their young, and (typically) the birth of live young.

Nerve Net

A simple form of neural organization found in cnidarians and ctenophores, featuring a diffuse network of interconnected nerve cells.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Nervous Systems

The network of nerve cells and fibers transmitting signals between different parts of the body, comprising the central and peripheral nervous systems.