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Asking for assistance with this question Bangkok Instruments, Ltd.(B). Bangkok Instruments, Ltd, the Thai subsidiary of a US corporation is a seismic instrumen globally, though
Asking for assistance with this question
Bangkok Instruments, Ltd.(B). Bangkok Instruments, Ltd, the Thai subsidiary of a US corporation is a seismic instrumen globally, though with recent commodity price increases of all kinds including copperits business has begun to grow rapid 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 US dollars are. B27.50/5 April 1 exchange rate after 20% appreciation B33.0075 March 31 exchange rate before 20% appreciation. All inventory was acquired at this rate B21.00/5 Historic exchange rate at which plant and equipment were acquired. The Thai baht appreciated in value from B33.00/$ to B27.50/5 between March 31 and April 1. Assuming no change in balanc rate method and the temporal method Bangkok Instruments' translated balance sheet using the current rate method is shov loss in terms of changes in the value of exposed accounts Using the translated balance sheet under the current rate method EB, what is the amount of translation gain or loss? Ente (Round to the nearest dollar Using the translated balance sheet under the temporal method what is the amount of translation gain or loss? Enter a (Round to the nearest dollar.) results in a translation loss, as opposed to the CTA gain found under the The Data Table Bangkok Instruments' Translation Gain (Loss) After Appreciation $ March Exchange Assets In Bahts (B) Rate (B/$) A Cash B24,000,000 33.00 Accounts receivable 36,000,000 33.00 Inventory 47,000,000 33.00 Net plant and equipment 58.000.000 33.00 Total B165.000.000 Liabilities and Net Worth Accounts payable B19.000.000 33.00 Bank loans 58.000.000 33 00 Common stock 19.000.000 21.00 Retained earnings 69.000.000 39.16 (a) Translation adjustment (CTA) S Total B 165.000.000 (a) Dollar retained earnings before appreciation are the cumulative sur prior years, translated to exchange rates in each year, - Print Done ET (a) Dollar retained earnings before appreciation are the cumulati- prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before appreciatio (c) Under the temporal method, the translation gain (loss) would income statement rather than left as a separate line item as shou Bangkok Instruments' Translation Gain (Loss) After Appreciati Mar Exchange Assets In Bahts (B) Rate (BIS) Cash B24,000,000 33.00 Accounts receivable 36,000,000 33.00 Inventory 47,000,000 33.00 Net plant and equipment 58,000,000 21.00 Total B165,000,000 Liabilities and Net Worth Accounts payable B19,000,000 33.00 Bank loans 58,000,000 33.00 Common stock 19,000,000 21.00 Retained earnings 69,000,000 24.94 (a) Translation gain (loss) Total B165.000.000 (a) Dollar retained earnings before appreciation are the cumulative prior years, translated to exchange rates in each year. 1 Print Do oss) After Appreciation of the Baht: Temporal Method (B) 000 000 000 000 000 March 31 Exchange Translated Rate (B/$) Accounts ($) 33.00 $727,273 33.00 1,090.909 33.00 1,424,242 21.00 2,761,905 $6,004,329 April Exchange Translated Rate (B/S) Accounts (5) 27.50 $872,727 27.50 1,309,091 33.00 1.424,242 21.00 2.761,905 $6.367.965 200 200 200 000 33.00 33.00 21.00 24.94 (a) $575,758 1,757,576 904.762 2,766,233 27.50 27.50 21.00 24.94 (b) 2,109.091 904.762 2.766,233 200 $6.004 329 $6.367,965 on are the cumulative sum of additions to retained earnings of all ach year Print Done (a) Dollar retained earnings before appreciation are the cumula prior years, translated to exchange rates in each year (b) Translated into dollars at the same rate as before appreciat en are the cumulative sum of additions to retained earnings of all uch year before appreciation of the baht. Assets Cash Accounts receivable Inventory Net plant & equipment Bangkok Instruments Balance Sheet, Mare Lial B24,000,000 36.000.000 Ban 47.000.000 Con 58.000.000 Ret B165.000.000 Don uments, Ltd. et, March 1 Liabilities & Net Worth Accounts payable B19.000.000 Bank loans 58.000.000 Common stock 19.000.000 Retained earnings 69.000.000 B 165.000 000 Done because of the different exchange rates L Bangkok Instruments, Ltd.(B). Bangkok Instruments, Ltd, the Thai subsidiary of a US corporation is a seismic instrumen globally, though with recent commodity price increases of all kinds including copperits business has begun to grow rapid Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window. ! Exchange rates for translating Bangkok Instruments balance sheet into US dollars are. B27.50/5 April 1 exchange rate after 20% appreciation B33.0075 March 31 exchange rate before 20% appreciation. All inventory was acquired at this rate B21.00/5 Historic exchange rate at which plant and equipment were acquired. The Thai baht appreciated in value from B33.00/$ to B27.50/5 between March 31 and April 1. Assuming no change in balanc rate method and the temporal method Bangkok Instruments' translated balance sheet using the current rate method is shov loss in terms of changes in the value of exposed accounts Using the translated balance sheet under the current rate method EB, what is the amount of translation gain or loss? Ente (Round to the nearest dollar Using the translated balance sheet under the temporal method what is the amount of translation gain or loss? Enter a (Round to the nearest dollar.) results in a translation loss, as opposed to the CTA gain found under the The Data Table Bangkok Instruments' Translation Gain (Loss) After Appreciation $ March Exchange Assets In Bahts (B) Rate (B/$) A Cash B24,000,000 33.00 Accounts receivable 36,000,000 33.00 Inventory 47,000,000 33.00 Net plant and equipment 58.000.000 33.00 Total B165.000.000 Liabilities and Net Worth Accounts payable B19.000.000 33.00 Bank loans 58.000.000 33 00 Common stock 19.000.000 21.00 Retained earnings 69.000.000 39.16 (a) Translation adjustment (CTA) S Total B 165.000.000 (a) Dollar retained earnings before appreciation are the cumulative sur prior years, translated to exchange rates in each year, - Print Done ET (a) Dollar retained earnings before appreciation are the cumulati- prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before appreciatio (c) Under the temporal method, the translation gain (loss) would income statement rather than left as a separate line item as shou Bangkok Instruments' Translation Gain (Loss) After Appreciati Mar Exchange Assets In Bahts (B) Rate (BIS) Cash B24,000,000 33.00 Accounts receivable 36,000,000 33.00 Inventory 47,000,000 33.00 Net plant and equipment 58,000,000 21.00 Total B165,000,000 Liabilities and Net Worth Accounts payable B19,000,000 33.00 Bank loans 58,000,000 33.00 Common stock 19,000,000 21.00 Retained earnings 69,000,000 24.94 (a) Translation gain (loss) Total B165.000.000 (a) Dollar retained earnings before appreciation are the cumulative prior years, translated to exchange rates in each year. 1 Print Do oss) After Appreciation of the Baht: Temporal Method (B) 000 000 000 000 000 March 31 Exchange Translated Rate (B/$) Accounts ($) 33.00 $727,273 33.00 1,090.909 33.00 1,424,242 21.00 2,761,905 $6,004,329 April Exchange Translated Rate (B/S) Accounts (5) 27.50 $872,727 27.50 1,309,091 33.00 1.424,242 21.00 2.761,905 $6.367.965 200 200 200 000 33.00 33.00 21.00 24.94 (a) $575,758 1,757,576 904.762 2,766,233 27.50 27.50 21.00 24.94 (b) 2,109.091 904.762 2.766,233 200 $6.004 329 $6.367,965 on are the cumulative sum of additions to retained earnings of all ach year Print Done (a) Dollar retained earnings before appreciation are the cumula prior years, translated to exchange rates in each year (b) Translated into dollars at the same rate as before appreciat en are the cumulative sum of additions to retained earnings of all uch year before appreciation of the baht. Assets Cash Accounts receivable Inventory Net plant & equipment Bangkok Instruments Balance Sheet, Mare Lial B24,000,000 36.000.000 Ban 47.000.000 Con 58.000.000 Ret B165.000.000 Don uments, Ltd. et, March 1 Liabilities & Net Worth Accounts payable B19.000.000 Bank loans 58.000.000 Common stock 19.000.000 Retained earnings 69.000.000 B 165.000 000 Done because of the different exchange rates LStep by Step Solution
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