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.Bralta's had net assets at June 30,20X4 of R$1,100,000.What is the accumulated loss adjustment under the current-rate method at 20X5?
A)$14,360
B)$14,411
C)$33,550
D)$53,215

Question

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.Bralta's had net assets at June 30,20X4 of R$1,100,000.What is the accumulated loss adjustment under the current-rate method at 20X5?
A)$14,360 
B)$14,411 
C)$33,550 
D)$53,215

Quizplus · Accepted Answer

The Answer of 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.Bralta's had net assets at June 30,20X4 of R$1,100,000.What is the accumulated loss adjustment under the current-rate method at 20X5?
A)$14,360 
B)$14,411 
C)$33,550 
D)$53,215

All of the Following Statements Are Stated in Brazil Reals