AASB 121 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

AASB 121 does not specify that post-acquisition movements in equity other than retained profits or accumulated losses are translated at a specific rate such as the spot, forward, or market rate. These types of transactions are generally dealt with under different considerations and guidance within the standard.

AASB 121 Specifies That Post-Acquisition Movements in Equity Other Than