1)Find the net worth to the parent of this affiliate using current vs. noncurrent translation method (show your work):

2)Find the net worth to the parent of this affiliate using FASB 52 translation method. Which of these translation methods would the parent prefer? (show your work):

3)Find the net worth to the parent of this affiliate using monetary vs. nonmonetary translation method (show your work):

French Affiliate Current Assets Cash Inventory (at cost) Accts. Receivable Current Liabilities Accounts Payable 50 Euros 500 Euros 75 Euros 100 pounds 100 Euros 200 pounds Fixed Assets Plant and Eq. 4000 Euros Long-Term Liabilities Outs. Bonds 1500 Euros 1500 pounds Given: Current rates Historical rates $1.33 =1 Euro $1.46 =1 Euro $1.56 =1 pound $1.64 =1 pound The functional currency of the affiliate is the Euro. French Affiliate Current Assets Cash Inventory (at cost) Accts. Receivable Current Liabilities Accounts Payable 50 Euros 500 Euros 75 Euros 100 pounds 100 Euros 200 pounds Fixed Assets Plant and Eq. 4000 Euros Long-Term Liabilities Outs. Bonds 1500 Euros 1500 pounds Given: Current rates Historical rates $1.33 =1 Euro $1.46 =1 Euro $1.56 =1 pound $1.64 =1 pound The functional currency of the affiliate is the Euro