A. Using the translated balance sheet under the current rate method, what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.)

B. Using the translated balance sheet under the temporal rate method, what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.)

Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally though with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B45.33/$ April 1 exchange rate, after 25% devaluation. B34.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B23.00/$ Historic exchange rate at which plant and equipment were acquired. The Thai baht dropped in value from B34.00/$ to B45.33/$ between March 31 and April 1. Assuming no change in balance sheet accounts between these two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is shown here, and the one using the temporal method is shown here,. Explain the translation gain or loss in terms of changes in the value of exposed accounts. " Using the translated balance sheet under the current rate method, what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. " $ (Round to the nearest dollar.) Bangkok Instruments, Ltd. Balance Sheet, March 1 Assets Liabilities & Net Worth Cash B23,000,000 Accounts payable B19,000,000 Accounts receivable 38,000,000 Bank loans 58,000,000 Inventory 49,000,000 Common stock 20,000,000 Net plant & equipment 59,000,000 Retained earnings 72,000,000 B169,000,000 B169,000,000 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. 0 Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Temporal Method March 31 April1 Translated Accounts ($) Exchange Rate (B/$) 34.00 Exchange Rate (B/$) Translated Accounts ($) In Bahts (B) Assets Cash B23,000,000 45.33 $507,390 $676,471 1,117,647 Accounts receivable 38,000,000 34.00 45.33 838,297 Inventory 49,000,000 34.00 1,441,176 34.00 1,441,176 Net plant and equipment 59,000,000 23.00 2,565,217 23.00 2,565,217 Total B169,000,000 $5,800,511 $5,352,080 Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558,824 45.33 $419,148 Bank loans 58,000,000 34.00 1,705,882 45.33 1,279,506 Common stock 20,000,000 23.00 869,565 23.00 869,565 Retained earnings 72,000,000 27.00 (a) 2,666,240 27.00 (b) 2,666,240 Translation gain (loss) (c) ? Total B169,000,000 $5,800,511 $5,352,080 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. (c) Under the temporal method, the translation gain (loss) would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method March 31 April1 Exchange Rate (B/$) In Bahts (B) Exchange Rate (B/$) 34.00 Assets Cash Translated Accounts ($) $676,471 1,117,647 Translated Accounts ($) $507,390 B23,000,000 45.33 Accounts receivable 38,000,000 34.00 45.33 838,297 Inventory 49,000,000 34.00 1,441,176 45.33 1,080,962 Net plant and equipment 59,000,000 34.00 1,735,294 45.33 1,301,566 Total B169,000,000 $4,970,588 $3,728,215 Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558,824 45.33 $419,148 Bank loans 58,000,000 34.00 1,705,882 45.33 1,279,506 Common stock 20,000,000 23.00 869,565 23.00 869,565 Retained earnings 72,000,000 39.21 (a) 1,836,317 39.21 (b) 1,836,317 Translation adjustment (CTA) ? ? Total B169,000,000 $4,970,588 $3,728,215 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally though with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B45.33/$ April 1 exchange rate, after 25% devaluation. B34.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B23.00/$ Historic exchange rate at which plant and equipment were acquired. The Thai baht dropped in value from B34.00/$ to B45.33/$ between March 31 and April 1. Assuming no change in balance sheet accounts between these two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is shown here, and the one using the temporal method is shown here,. Explain the translation gain or loss in terms of changes in the value of exposed accounts. " Using the translated balance sheet under the current rate method, what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. " $ (Round to the nearest dollar.) Bangkok Instruments, Ltd. Balance Sheet, March 1 Assets Liabilities & Net Worth Cash B23,000,000 Accounts payable B19,000,000 Accounts receivable 38,000,000 Bank loans 58,000,000 Inventory 49,000,000 Common stock 20,000,000 Net plant & equipment 59,000,000 Retained earnings 72,000,000 B169,000,000 B169,000,000 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. 0 Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Temporal Method March 31 April1 Translated Accounts ($) Exchange Rate (B/$) 34.00 Exchange Rate (B/$) Translated Accounts ($) In Bahts (B) Assets Cash B23,000,000 45.33 $507,390 $676,471 1,117,647 Accounts receivable 38,000,000 34.00 45.33 838,297 Inventory 49,000,000 34.00 1,441,176 34.00 1,441,176 Net plant and equipment 59,000,000 23.00 2,565,217 23.00 2,565,217 Total B169,000,000 $5,800,511 $5,352,080 Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558,824 45.33 $419,148 Bank loans 58,000,000 34.00 1,705,882 45.33 1,279,506 Common stock 20,000,000 23.00 869,565 23.00 869,565 Retained earnings 72,000,000 27.00 (a) 2,666,240 27.00 (b) 2,666,240 Translation gain (loss) (c) ? Total B169,000,000 $5,800,511 $5,352,080 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. (c) Under the temporal method, the translation gain (loss) would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method March 31 April1 Exchange Rate (B/$) In Bahts (B) Exchange Rate (B/$) 34.00 Assets Cash Translated Accounts ($) $676,471 1,117,647 Translated Accounts ($) $507,390 B23,000,000 45.33 Accounts receivable 38,000,000 34.00 45.33 838,297 Inventory 49,000,000 34.00 1,441,176 45.33 1,080,962 Net plant and equipment 59,000,000 34.00 1,735,294 45.33 1,301,566 Total B169,000,000 $4,970,588 $3,728,215 Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558,824 45.33 $419,148 Bank loans 58,000,000 34.00 1,705,882 45.33 1,279,506 Common stock 20,000,000 23.00 869,565 23.00 869,565 Retained earnings 72,000,000 39.21 (a) 1,836,317 39.21 (b) 1,836,317 Translation adjustment (CTA) ? ? Total B169,000,000 $4,970,588 $3,728,215 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet