Distributions from retained profits are translated at:
A) the spot rate.
B) the rates current at the reporting date.
C) the rates current at the dates when the retained profits were created.
D) The standard is silent on this translation.

Question

Quizplus · Accepted Answer

The standard does not specify a particular rate for translating distributions from retained profits, leaving it to interpretation or the application of general principles.

Distributions from Retained Profits Are Translated At