Identify couch potatos exposed asset and exposed liabilities

Assignment Help Financial Accounting
Reference no: EM13871726

Finlandiva, a furniture manufacturer based in Finland, is owned by U.S.-based Couch Potato, Inc.. Finlandiva's balance sheet at the current exchange rate of $1.00/ is shown in the following table:



Value in C$

Value at         Value at     Translation C$1.60/$       C$1.50/$   gains  or losses

Cash & marketable securities



Accounts receivable






Plant and equipment



Total assets



Liabilities Accounts payable



Wages payable



Net worth



Total liabilities & net worth




a. Identify Couch Potato's exposed assets, exposed liabilities, and net exposed assets under FAS #52.


b. Identify the impact of a 20 percent depreciation of the euro on Couch Potato's consolidated balance sheet.

Reference no: EM13871726

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