User Account

All Pages

Determine the translation gain or loss under current rate

Assignment Help Accounting Basics
Reference no: EM132564280

Question - A Bhd invested 1,000,000 Philippine Peso (PHP) in a subsidiary in Philippine in 1 January 2019 with net asset of 1,000,000 Philippine Peso (PHP). The subsidiary generated profit of PHP200,000 in 2019. The relevant exchange rates between the Malaysian Ringgit and the Philippine Peso in 2019 were as follows:

1 January RM0.15/PHP

Average for the year RM0.17/PHP

31 December RM0.21/PHP

Required - Determine the translation gain/loss under the current rate method that A Bhd reported in its 31 December 2019 financial statements.

Reference no: EM132564280

Questions Cloud

How could organisations include requirements : How could organisations include requirements such as ergonomics, work periods and breaks, conservation techniques?
Calculate the depreciation expense for the third year : The company expects the bus to be used for trips between Sydney and Canberra for 10 years, or 800,000 miles, Calculate the depreciation expense for the 3rd year
Preparing the victim for your interview : What your goals are for preparing the victim for your interview. Explain why you would take the actions that you chose prior to interview
Emotional strengths and weaknesses : Why is it important to recognize your emotional strengths and weaknesses, as well as recognizing the emotional states of your colleagues?
Determine the translation gain or loss under current rate : Determine the translation gain/loss under the current rate method that A Bhd reported in its 31 December 2019 financial statements
Quality management and productivity : What is the relationship between quality management and productivity?
How does your current vocation relate to your application : Ph.D. candidates should provide authentic personal statements to each of the five following questions/prompts reflecting on their own personal interests.
Compute the value and debt of online commerce division : Compute the value and debt of online commerce division of SuperOnline? What is cost of capital for SuperOnline's fintech division?
How has the term hacking changed meaning over the years : With all the stories about millions and millions of bytes of personal data having been exposed, why is their still any faith at all in the Internet?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd