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.Sales are made an all expensesare incurred uniformly throughout the year 5.The ending inventory was acquired during the last quarter.6.The subsidiary declare and paid dividends of 375,000 francs on September27.The following direct exchange rates quotations are available:Date of Subsidiary Acquisition0.15Average for 20120.156January 1, 20130.17September 2, 2013 0.18December 31, 20130.19Average for the 4thquarter, 20130.185Average for 20130.1768.The U.S dollaris identified as the subsidiary functional currency9.The subsidiary beginning (1/1/13) Retained earnings in dollar were $76,660.Required:1.Remeasurethe financial statements into dollars. Provide supplementary calculations when needed and remeasure the Balance Sheet and Income statement line by line.(12points).2.Prepare theschedule to verify the translation gain or lossin requirement 1. Describe how the translation gain or losswould be reported in the financial statements
which of the following is not true of the decision packages used in zero-base budgeting? decision packages should
minute maid sees research as the fundamental first step in any business decision and it created proprietary methods for
the van division of motorcar corporation has offered to purchase 180000 wheels from the wheel division for 42 per
dvds manufactures and sells dvd players in two countries. it manufactures two models-basic and custom-in the same
Johntech accounted for the lease as a capital lease and recorded an asset and a liability in the financial records. The asset recorded under this lease should properly be amortized over:
assume the same facts as in problem c11-43. assume further that raider corporation reports 75000 of ordinary income
An addition to the bank balance
roswell industries is planning a major expansion 5 years from today. in preparation for this the company is setting
last month when harrison creations inc. sold 40000 units total sales were 300000 total variable expenses were 240000
Daggar capitalizes the lease, whereas Bayshore records the lease as an operating lease. Both firms depreciate assets by the straight-line method, and both treat the lease as an operating lease for federal income tax purposes.
dossett company had the following transactions pertaining tostock investmentsfeb. 1 purchase 600 shares of goetz common
as part of the initial investment omar contributes accounts receivable that had a balance of 25000 in the accounts of a
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