AASB 121 Requires That Foreign Currency Monetary Items Outstanding at Reporting

Multiple Choice

AASB 121 requires that foreign currency monetary items outstanding at reporting date must be:

A) translated at the spot rate at the transaction date.
B) reported at the forward-exchange rate based on the 90-day bank bill rate at that date.
C) translated at the spot rate at reporting date.
D) translated at the spot rate at settlement date.