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ABC Company had the following balance sheet,e ed in millions of pesos, on December 31, 2013: e St apital Stock 400 Net Plant and Equipment

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ABC Company had the following balance sheet,e ed in millions of pesos, on December 31, 2013: e St apital Stock 400 Net Plant and Equipment 600 Relevant s.08/Peso Inventory was acquired at this rate and capital stock was issued at this rate. $.10/Peso Plant and equipment was acquired at this rate as was long-term debt. This was also the exchange rate on Dece 31, 2013. $.12/Peso Exchange rate for January 1, 2014. As of December 31, 2013, assume the value of retained earnings under the current rate method was $80 million. Under the current rate method, what is the value of the CTA account on January 1, 20147 O Less than $20 million O Between $20 million and $30 million O Between $30 million and $35 milliorn Over $35 million Click Save and Submit to save and submit. Chick Save All Ansuers to save all ansuers. QUESTION 22 Under the temporal method, what is the exchange gain or loss between December 31, 2013, and January 1, 20142 D Loss between 0 and $5 million O Loss greater than $5 million D Gain between 0 and $5 million O Gain greater than $5 million QUESTION 23 Under the temporal method, what is the value of the exposed assets in dolars on December 31, 20137 O 60 milliorn O 140 million O 200 million Not enough information to determine Answers A, B, C, and D are all false

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