Financial Statement Translation The following items will be included in Global Company’s consolidated financial statements, which include several foreign subsidiaries. The current rate method is to be used in translating the financial statements of the foreign subsidiaries to dollars.

Indicate which exchange rate or other amount will be used in translating each of the items: the current rate at the balance sheet date (CR), the average rate for the year (AR), or a computed amount (CA).

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Cash Sales Inventory Net income Common stock Goodwill Bonds payable Depreciation Property, plant, & equipment Retained earnings Cost of goods sold Accounts receivable Selling expense Prepaid expenses Current maturities of bonds Translation adjustment