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.
E) None of the given answers.