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  3. Study Set
    Australian Financial Accounting Study Set 1
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    Exam 36: Translation of the Accounts of Foreign Operations
  5. Question
    The Exchange Rate Used for the Translation of the Payment
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The Exchange Rate Used for the Translation of the Payment

Question 28

Question 28

True/False

The exchange rate used for the translation of the payment of dividends is the spot rate at the date when the retained earnings or reserves,from which the dividends were drawn,were createD.

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