Question
Assume that General Electric (GE)s current assets are $401 billion, fixed assets are $797 billion, current liabilities are $323 billion, and long-term liabilities are zero.
Assume that General Electric (GE)s current assets are $401 billion, fixed assets are $797 billion, current liabilities are $323 billion, and long-term liabilities are zero.
Calculate GEs translation exposure using current/noncurrent, monetary/nonmonetary, temporal, and current rate methods. (Hint: You wont be able to calculate using all the four methods based on given information. If you cant calculate using a method, state so and include the reason.
How do I make a journal entry for this? There is no set rate and some translation exposure calculations will not be used.
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