As Prescribed in AASB 121,when Re-Measuring Financial Statements of Foreign

Multiple Choice

As prescribed in AASB 121,when re-measuring financial statements of foreign operations to presentation currency,which of the following identifies all items to be re-measured at historic rates?

A) Cash, accounts receivable and accounts payable;
B) Inventory, goodwill, property plant and equipment;
C) Accounts payable, unearned revenue and note payable;
D) Gain on sale of non-current assets, dividend revenue and dividends paid;
E) None of the given answers.