If Ukraine\'s econonmy becomes highly inflationary, Eurexim will most likely tra

Question

If Ukraine's econonmy becomes highly inflationary, Eurexim will   most likely translate inventory by:



A. restating   for inflation ans using the temporal method.







B. restating   for inflation and using the current exchange rate.







C. Using the   remporal method with to restatement for inllation.




















Given   Ruiz's belief about the direction of exchange rates, Eurexim's gross profit   margin would be highest if it  accounts   for the Ukraine subsidiary inventory   using:











A. FIFO and   the remporal method









B. weighted   average cost and the remporal method.







C. FIFO and   the current rate method























If the Euro   is chosen as the Ukraqine subsidiary's functional currency, Eurexim will   translate its fixed assets using the:

A. Average   rate for the reporting period.









B. Rate in   effect when the assets were purchased








C. rate in   effect at the end of the reporting period






















If the Euro   is chosen as the Ukraine Subsidiary functional currency, Eurexim will   translate its accounts receivable using the:

A. Average   in effect at the translation date








B. Average   rate for the reporting period









C. Rate in   effect at the end of the reporting period






















If the   hrynia is chosen as the Ukraine subsidiary's functional currency, Eurexim   will translate its inventory using the:

A. Average   rate for the reporting period









B. Rate in   effect at the end of the reporting period








C. Rate in   effect at the time the inventory was purchased





















Based on   the information available and Ruiz's expections regarding exchange rates, if   the hryvnia is chosemn as the Ukraine
subsidiary'sfunctional   currency, Eurexim will most likely report






A. An   addition to the cumulative translation adjustment.







B. a   subtraction from the cumulative translation adjustment







C. a   translation gain or loss as a component of net income.





















If Ukraine's econonmy becomes highly inflationary, Eurexim will   most likely translate inventory by:



A. restating   for inflation ans using the temporal method.







B. restating   for inflation and using the current exchange rate.







C. Using the   remporal method with to restatement for inllation.




















Given   Ruiz's belief about the direction of exchange rates, Eurexim's gross profit   margin would be highest if it  accounts   for the Ukraine subsidiary inventory   using:











A. FIFO and   the remporal method









B. weighted   average cost and the remporal method.







C. FIFO and   the current rate method























If the Euro   is chosen as the Ukraqine subsidiary's functional currency, Eurexim will   translate its fixed assets using the:

A. Average   rate for the reporting period.









B. Rate in   effect when the assets were purchased








C. rate in   effect at the end of the reporting period






















If the Euro   is chosen as the Ukraine Subsidiary functional currency, Eurexim will   translate its accounts receivable using the:

A. Average   in effect at the translation date








B. Average   rate for the reporting period









C. Rate in   effect at the end of the reporting period






















If the   hrynia is chosen as the Ukraine subsidiary's functional currency, Eurexim   will translate its inventory using the:

A. Average   rate for the reporting period









B. Rate in   effect at the end of the reporting period








C. Rate in   effect at the time the inventory was purchased





















Based on   the information available and Ruiz's expections regarding exchange rates, if   the hryvnia is chosemn as the Ukraine
subsidiary'sfunctional   currency, Eurexim will most likely report






A. An   addition to the cumulative translation adjustment.







B. a   subtraction from the cumulative translation adjustment







C. a   translation gain or loss as a component of net income.

Explanation / Answer

A. restating for inflation ans using the temporal method.

C. FIFO and the current rate method

A. Average rate for the reporting period

B. Average rate for the reporting period

B. Rate in effect at the end of the reporting period

C. a translation gain or loss as a component of net income

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