Which of the following rates would be used to translate the company's bonds payable?
A) US$1 = CDN$0.815
B) US$1 = CDN$0.8175
C) US$1 = CDN$0.825
D)US$1 = CDN$0.83

Name: Which of the following rates would be used to translate the company's bonds payable? A) US$1 = CDN$0.815 B) US$1 = CDN$0.8175 C) US$1 = CDN$0.825 D)US$1 = CDN$0.83
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Question

Quizplus · Accepted Answer

The bond payable would be translated using the exchange rate that reflects the current market value. Option B has the most recent exchange rate, so it should be used.

Which of the Following Rates Would Be Used to Translate