By Applying the Definition Provided in IAS 21 the Effects

question 19

Multiple Choice

By applying the definition provided in IAS 21 The Effects of Changes in Foreign Exchange Rates, the following items will be regarded as a monetary item:

• A) property, plant and equipment;
• B) land and buildings;
• C) inventory;
• D) accounts receivable.

---

Definitions:

Sympathetic Nervous System

The part of the autonomic nervous system that prepares the body for action by accelerating heart rate, increasing blood pressure, and dilating pupils, among other responses.

Blood Sugar

The concentration of glucose in the blood, which is a primary energy source for the body's cells.

Sympathetic Nervous System

A part of the autonomic nervous system that activates what is often termed the fight or flight response, preparing the body for rapid action in stressful situations.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy by slowing the heart rate, increasing intestinal and gland activity, and relaxing sphincter muscles in the gastrointestinal tract.