Dividends declared are translated into the presentation currency at the:
A) average exchange rate for the reporting period.
B) rates current when the dividends are declared.
C) rates current when the dividends are paid to the shareholders.
D) rates current when the shareholders approve the dividend at the company's annual general meeting.

Question

Quizplus · Accepted Answer

Dividends declared are translated at the exchange rate on the date they are declared, as this is the point in time when the obligation to pay the dividend is established.

Dividends Declared Are Translated into the Presentation Currency at The