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    Exam 8: Foreign Currency Transactions and Forward Exchange Contracts
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    All the Following Items Are 'Monetary Items' According to AASB
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All the Following Items Are 'Monetary Items' According to AASB

Question 14

Question 14

Multiple Choice

All the following items are 'monetary items' according to AASB 121 except:


A) trade payable of ₤50 000.
B) borrowings €30 000.
C) shares held in BHP Ltd listed on the ASX.
D) trade receivable of US$12 000.

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