All of the Following Statements Are Stated in Brazil Reals $30,20X5$

question 21

Multiple Choice

All of the following statements are stated in Brazil reals (R$) . Bralta Ltd.
Statement of Financial Position
Iune $30,20X5$ $$\begin{array} { | l | r | r | r | } \hline \text { Cash } & 60,000 & \text { Current liabilities } & 500,000 \\\hline \text { Accounts receivable } & 740,000 & \text { Bonds payable } & \underline { 2,000,000 } \\\hline \text { Inventories } & 300,000 & & 2,500,000 \\\hline \text { Machinery (net) } & 850,000 & \text { Common shares } & 1,000,000 \\\hline \text { Land and building (net) } & \underline { 1,800,000 } & \text { Retained earnings } & \underline { 250,000 } \\\hline & \underline { 3,750,000 } & & \underline { 3,750,000 } \\\hline\end{array}$$ Additional information:
Selected exchange rates:
$$\begin{array} { | l | l | } \hline \text { June } 30,20X4 & \text { R } \$ 1 = \$ 0.5906 \\\hline \text { June } 30,20 X5 & \text { R } \$ 1 = \$ 0.5623 \\\hline \text { Average for } 20X5 & \text { R } \$ 1 = \$ 0.5744 \\\hline\end{array}$$
$$\text { Date of purchase of inventory on hand at year-end } \quad \text { R } \$ 1 = \$ .05688$$
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.
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Machinery, land, and buildings were purchased on June 30, 20X4
Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the balance of the total assets?

• A)$2,108,625
• B)$2,154,000
• C)$2,161,688
• D)$2,183,620

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Definitions:

Temporal Lobe

A region of the brain located at the sides near the temples, important for processing auditory information and encoding memory.

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory and spatial navigation.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time.

Context-dependent Memory

Context-dependent memory refers to the improved recall of specific information when the context present at encoding and retrieval of the information is the same.