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    Financial Accounting and Reporting
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    Exam 25: Translating the Financial Statements of Foreign Operations
  5. Question
    IAS 21 Specifies That Post-Acquisition Movements in Equity Other Than
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IAS 21 Specifies That Post-Acquisition Movements in Equity Other Than

Question 7

Question 7

Multiple Choice

IAS 21 specifies that post-acquisition movements in equity other than retained profits or accumulated losses are translated at:


A) the spot rate.
B) the forward rate.
C) the market rate.
D) none of the given answers.

Correct Answer:

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