Aguilar Company establishes a subsidiary operation in a foreign country on January $1,2024.$ The country's currency is the rial $($R$).$ To Required:

a$.$ Assume that the subsidiary's functional currency is the rial $($R$).$ Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$ consolidated

financial statements can be prepared.

b$.$ Assume that the subsidiary's functional currency is the U$.$S$.$ dollar. Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared.

Complete this question by entering your answers in the tabs below.

Assume that the subsidiary's functional currency is the rial $($R$).$ Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared. Required:

a$.$ Assume that the subsidiary's functional currency is the rial $($R$).$ Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$ consolidated

financial statements can be prepared.

b$.$ Assume that the subsidiary's functional currency is the U$.$S$.$ dollar. Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Assume that the subsidiary's functional currency is the U$.$S$.$ dollar. Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared.

start this business, Aguilar invests $10,000$ rials. Of this amount, it spends $3,000$ rials immediately to acquire equipment. Later, on April

$1,2024,$ it also purchases land. All subsidiary operational activities occur at an even rate throughout the year. Aguilar uses the U$.$S$.$

dollar as its reporting currency. The U$.$S$.$ dollar $($$$)$ exchange rates for the rial for $2024$ follow:

As of December $31,2024,$ the subsidiary reports the following trial balance:

Required:

a$.$ Assume that the subsidiary's functional currency is the rial $($R$).$ Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$ consolidated

financial statements can be prepared.

b$.$ Assume that the subsidiary's functional currency is the U$.$S$.$ dollar. Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared.

Complete this question by entering your answers in the tabs below.

Assume that the subsidiary's functional currency is the rial $($R$).$ Prepare a trial balance for it in U$.$S$.$ dollars so that $2024$

consolidated financial statements can be prepared.