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.Under the temporal method,what is the total of the non-monetary assets?
A)$1,565,090
B)$1,735,730
C)$2,151,832
D)$2,185,770

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.Under the temporal method,what is the total of the non-monetary assets?
A)$1,565,090 
B)$1,735,730 
C)$2,151,832 
D)$2,185,770

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.Under the temporal method,what is the total of the non-monetary assets?
A)$1,565,090 
B)$1,735,730 
C)$2,151,832 
D)$2,185,770

All of the Following Statements Are Stated in Brazil Reals