All of the following statements are stated in Brazil reals (R$).

Bralta Ltd.

Statement of Financial Position

June 30, 20X5

Cash 60,000 Current liabilities 500,000

Accounts receivable 740,000 Bonds payable 2,000,000

Inventories 300,000 2,500,000

Machinery (net) 850,000 Common shares 1,000,000

Land and building (net) 1,800,000 Retained earnings 250,000

3,750,000 3,750,000

Additional information:

Selected exchange rates:

June 30, 20X4 R$1=$0.5906

June 30, 20X5 R$1=$0.5623

Average for 20X5 R$1=$0.5744

Date of purchase of inventory on hand at year-endR$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

Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the balance of the total assets?

A) $2,108,625

B) $2,154,000

C) $2,161,688

D) $2,183,620

Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the translation gain or loss?

A) $(85,610)

B) $(35,375)

C) $35,375

D) $85,619

Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. What is the balance of total assets under the temporal method?

A) $2,108,625

B) $2,154,000

C) $2,183,620

D) $2,185,570