Solved

All of the Following Statements Are Stated in Brazil Reals

Question 33

Multiple Choice

All of the following statements are stated in Brazil reals (R$) All of the following statements are stated in Brazil reals (R$) Additional information: Selected exchange rates: Date of purchase of inventory on hand at year-end R$1 = $.05688 Dividends were declared on June 30,20X5 Opening inventory = R$130,000 Inventory purchases for the year = R$1,570,000 Machinery,land,and buildings were purchased on June 30,20X4 Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Under the current-rate method,what is the balance of the total assets? A) $2,108,625 B) $2,154,000 C) $2,161,688 D) $2,183,620
All of the following statements are stated in Brazil reals (R$) Additional information: Selected exchange rates: Date of purchase of inventory on hand at year-end R$1 = $.05688 Dividends were declared on June 30,20X5 Opening inventory = R$130,000 Inventory purchases for the year = R$1,570,000 Machinery,land,and buildings were purchased on June 30,20X4 Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Under the current-rate method,what is the balance of the total assets? A) $2,108,625 B) $2,154,000 C) $2,161,688 D) $2,183,620
Additional information:
Selected exchange rates:
All of the following statements are stated in Brazil reals (R$) Additional information: Selected exchange rates: Date of purchase of inventory on hand at year-end R$1 = $.05688 Dividends were declared on June 30,20X5 Opening inventory = R$130,000 Inventory purchases for the year = R$1,570,000 Machinery,land,and buildings were purchased on June 30,20X4 Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Under the current-rate method,what is the balance of the total assets? A) $2,108,625 B) $2,154,000 C) $2,161,688 D) $2,183,620
Date of purchase of inventory on hand at year-end R$1 = $.05688
Dividends were declared on June 30,20X5
Opening inventory = R$130,000
Inventory purchases for the year = R$1,570,000
Machinery,land,and buildings were purchased on June 30,20X4
Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Under the current-rate method,what is the balance of the total assets?


A) $2,108,625
B) $2,154,000
C) $2,161,688
D) $2,183,620

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: If a foreign currency is strengthening with

Q8: Under the current-rate method, which of the

Q25: Which of the following accounts would be

Q28: Under the current-rate method,what is the accounting

Q31: Water Bottling Inc.(WBI)is a 100% wholly owned

Q32: On January 1,20X7,Clock Inc.of Vancouver,British Columbia,purchased 75%

Q35: All of the following statements are stated

Q36: DNA was incorporated on January 2,20X0 and

Q37: All of the following statements are stated

Q38: All of the following statements are stated