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Distributions from Retained Profits Are Translated at

Question 20

Multiple Choice

Distributions from retained profits are translated at


A) The 'spot rate'.
B) The rates current at the reporting date.
C) The rates current at the dates when the retained profits were created.
D) The rates current at the dates when the distributions were first proposed.
E) The rates current at the dates when the distributions were made.

Correct Answer:

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