新用戶掃碼下載
掃碼下載APP
及時(shí)接收最新考試資訊及
備考信息
美國(guó)CPA模擬試題：匯率（二）
When remeasuring foreign currency financial statements into the functional currency, which of the following items would be remeasured using historical exchange rates?
a. Marketable equity securities reported at market values.
b. Inventories carried at cost.
c. Accrued liabilities.
d. Bonds payable.
Explanation
Choice "b" is correct, inventories carried at cost.
Rule: Balance sheet accounts are generally included at the current exchange rate, except for:
1. A self contained subsidiary with a 3 year inflation rate of 100% or more (hyperinflationary economy).
2. A foreign entity which does not maintain its accounts in a foreign functional currency.
In these circumstances, the remeasurement method is used and the historical rates should be used only for those balance sheet accounts carried at "cost" (most non-monetary items). Otherwise follow the general rule and use the "current" rate.
Choices "a", "d", and "c" are incorrect. Bonds payable and accrued liabilities are "monetary" items. Marketable equity securities are non-monetary items, but are reported at fair value. Because they are reported at fair value, they should be remeasured using the current exchange rate.
關(guān)注正保會(huì)計(jì)網(wǎng)校“美國(guó)CPA考試”官方微信，相關(guān)動(dòng)態(tài)彈指間了解，只拿手機(jī)便知考試動(dòng)態(tài)。還等什么，掃一掃微信碼加入網(wǎng)校大家庭吧！
（微信號(hào)：aicpachinaacc）
【我要糾錯(cuò)】 責(zé)任編輯：小敏
推薦閱讀
限時(shí)免費(fèi)資料
-
思維導(dǎo)圖
-
學(xué)習(xí)計(jì)劃
-
科目特點(diǎn)
-
報(bào)考指南
-
歷年樣卷
-
財(cái)會(huì)英語(yǔ)
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號(hào)