Deloitte. FRS IAS 21 Home >Assessment Bookmarks: VIEW ADDQuickFind: GO Keyword OD QuickFind: G Question 9 What is the correct treatment for any goodwill arising on the acquisition of a foreign operation and also for any fair value adjustments on acquisition to the carrying amounts of assets and of that foreign operation? Message Centre elect one or more options and click Submit. Tools They are treated as assets/liabilities of the foreign operation They are treated as assets/liabilities of the reporting entity They are treated as either assets/liabilities of the Background Coach operation or of the reporting entity They are translated at the closing rate They are translated at the exchange rate at the date of the Examples Reference Clue transaction They can be translated at either the closing rate or the exchange Accessories rate at the date of the transaction Calculator Word SUBMIT Excel EXIT HELP PRINT ACTION PLANNER 10/15