IAS 21 specifies that post-acquisition movements in equity other than retained profits or accumulated losses are translated at:
A)the spot rate.
B)the forward rate.
C)the market rate.
D)none of the given answers.

Question

Quizplus · Accepted Answer

IAS 21 does not specify the use of any of the given rates for translating post-acquisition movements in equity other than retained profits or accumulated losses. Instead, it requires the use of the exchange rate at the date of the transaction for equity items.

IAS 21 Specifies That Post-Acquisition Movements in Equity Other Than