monetary items

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Monetary Items

Assets and liabilities that are fixed in dollar amounts and are thus not affected by inflation. Examples of monetary items include cash, accounts receivable, accounts payable, bonds, and short-term loans. In periods of high inflation, holding monetary liabilities increases a firm's purchasing power, while holding monetary assets decreases it.

monetary items

Assets on a firm's balance sheet that are fixed in dollar amount. Cash, short-term loans, and long-term bonds are monetary items.
References in periodicals archive ?
4 Net Assets Calculated on the Constant Dollar and the Current Cost Basis 137,669 132,765 (1) Excluded from historical cost shareholders' equity in computation of net assets at year-end because the regulatory commissions having jurisdiction over the Company's retail rates treat preferred stock similarly to debt, thus the Company treats preferred stock as a monetary item in the computation of gain/loss on net monetary items.
Exchange differences arising on said bonds were getting accumulated in the "Foreign Currency Monetary Item Translation Difference Account" (FCMITDA) and were getting amortised over the tenure of bonds in accordance with AS 11.
5% of sales, a year ago as a result of lower gross profit, partially offset by a reduction in selling and administrative expenses related to year-over-year variations in the currency translation of net monetary items.
Such monetary items are deemed to be acquired at the year end date.
In subsequent years, all monetary items would be up for negotiation, when the district's financial picture is clearer.
For the powerless, the subjective value of monetary items is intensified and the physical representations of those items are distorted based on whether there is a positive (bigger is better) or negative (smaller is better) value relationship.
segment; $200,000 in unrealized gains on monetary items, partially offset by a $117.
9 million in unrealized foreign exchange losses on monetary items.
6 million), including gains on the revaluation of foreign currency monetary items of CAD$160 million.
However, there will always be differences of opinion as to fair value of monetary items, book value of long-lived assets, intangible assets, allowances for future troubles, etc.
items outstanding for more than one year) foreign currency denominated monetary items are, for LCT purposes, a "reserve" under subsection 181(1) and, hence, included in the calculation of taxable capital.