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AASB 121 Requires That Non-Monetary Items Are Measured,subsequent to Their

Question 24

Multiple Choice

AASB 121 requires that non-monetary items are measured,subsequent to their initial recognition,at:


A) the exchange rate at the date of transaction
B) the exchange rate at the date of that the fair value was determined
C) an average exchange rate at the end of the reporting period
D) both A and B can apply

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