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Foto Marke: Trotin Translation of financial statements Assume that your company owns a subudiary operating in France. The subsidiary conducts most of its business activities in the European Economic Union and maintensitations in the treats functional currency The subsidiary's financial statements in for the most recent year followin part below The relevant exchange rates (s.1) are as follows: BO 51.22 Avale 11.15 Pludused 1.30 LTD nga 5120 Gede 5131 Hicate om ontMAR $038 LOV For both parts a and below. use a negative sign with answers to indicate a reduction a. Translate the subsidiary's income statement statement of retained earnings, balance sheet, and statement of cash flows into SUS Cassume that the Boy Retained Earnings is 5553.612) Translation income Salement Rate US Dollars Sale 0,000 0 0 Costoso 0 0 Grossrole 540.000 0 Operating expert OS2000 0 0 income CINWOOD 1 O statement of Retained farning No retined CO Nethrone 180.000 Dinds 11 9001 0 0 CON CETRASO D ve Winwestondicate a reduction TO Translate the subsidiary income statement statement of retained earning balance sheet and statement or cash flows into SOS came that the BOY Retained ninet 5551612 Translation incomalaman intures Ba Dollar G CE 100001 0.000 CA Neme CU 11 Statement of Hindari BOY Netice 000 Own 0 TOV 1 Balance sheet ASSES Cash 210 OS 0 Account 100 0 0 4000 0 Property and 2011 States CAM Latities and others Curred 2,60 01 Long Cam 10000 9 112.500 0 des SO lol ARC OOOOOOO Totalities and equity EI30 i Mark 0.00 out of 1.00 1,843,830 5 0 05 Huer, Hat YURI PENTRU Toral assets Liabilities and stockholders' equity Current abilities Long-term liabilities Common stock APIC Retained earnings 228,960 5332520 90.000 112,500 878,850 OOOO OOOOOOO 1,843,830 S 0$ OOOO Total liabilities and equity Statement of Cash Flows: Net income Change in accounts receivable Change in inventories Change in current liabilities Net cash from operating activities Change in PPE, net Net cash from investing activities Change in long-term debt Dividends Net cash flows from financing activities Net change in cash Effect of exchange rate on cash Beginning cash Ending cash 189,000 (52 200) (67,050) 38,160 107.910 (69,120) (69,120) 88.920 (18,900) 70,020 108,810 0 OOOOOOOOOOOO 0 0 0 0 275,400 384,210 0$ 0 b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $314,100 Direct computation of translation adjustment: $ 0 i Mark 0.00 out of 1.00 0 10,020 108.10 Netcash flow from financing active Net change in cash Effect of exchange rate on cash Beginning cash Endingan D 275,800 0184,210 0 0 0 OS b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $314,100 0 Direct computation of translation adjustment: 5 Net income (ECY. Average exchange rate) 0 $ D EOY cumulative translation adjustment Check Save Answers Policy By User Guide to Sund Foto Marke: Trotin Translation of financial statements Assume that your company owns a subudiary operating in France. The subsidiary conducts most of its business activities in the European Economic Union and maintensitations in the treats functional currency The subsidiary's financial statements in for the most recent year followin part below The relevant exchange rates (s.1) are as follows: BO 51.22 Avale 11.15 Pludused 1.30 LTD nga 5120 Gede 5131 Hicate om ontMAR $038 LOV For both parts a and below. use a negative sign with answers to indicate a reduction a. Translate the subsidiary's income statement statement of retained earnings, balance sheet, and statement of cash flows into SUS Cassume that the Boy Retained Earnings is 5553.612) Translation income Salement Rate US Dollars Sale 0,000 0 0 Costoso 0 0 Grossrole 540.000 0 Operating expert OS2000 0 0 income CINWOOD 1 O statement of Retained farning No retined CO Nethrone 180.000 Dinds 11 9001 0 0 CON CETRASO D ve Winwestondicate a reduction TO Translate the subsidiary income statement statement of retained earning balance sheet and statement or cash flows into SOS came that the BOY Retained ninet 5551612 Translation incomalaman intures Ba Dollar G CE 100001 0.000 CA Neme CU 11 Statement of Hindari BOY Netice 000 Own 0 TOV 1 Balance sheet ASSES Cash 210 OS 0 Account 100 0 0 4000 0 Property and 2011 States CAM Latities and others Curred 2,60 01 Long Cam 10000 9 112.500 0 des SO lol ARC OOOOOOO Totalities and equity EI30 i Mark 0.00 out of 1.00 1,843,830 5 0 05 Huer, Hat YURI PENTRU Toral assets Liabilities and stockholders' equity Current abilities Long-term liabilities Common stock APIC Retained earnings 228,960 5332520 90.000 112,500 878,850 OOOO OOOOOOO 1,843,830 S 0$ OOOO Total liabilities and equity Statement of Cash Flows: Net income Change in accounts receivable Change in inventories Change in current liabilities Net cash from operating activities Change in PPE, net Net cash from investing activities Change in long-term debt Dividends Net cash flows from financing activities Net change in cash Effect of exchange rate on cash Beginning cash Ending cash 189,000 (52 200) (67,050) 38,160 107.910 (69,120) (69,120) 88.920 (18,900) 70,020 108,810 0 OOOOOOOOOOOO 0 0 0 0 275,400 384,210 0$ 0 b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $314,100 Direct computation of translation adjustment: $ 0 i Mark 0.00 out of 1.00 0 10,020 108.10 Netcash flow from financing active Net change in cash Effect of exchange rate on cash Beginning cash Endingan D 275,800 0184,210 0 0 0 OS b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $314,100 0 Direct computation of translation adjustment: 5 Net income (ECY. Average exchange rate) 0 $ D EOY cumulative translation adjustment Check Save Answers Policy By User Guide to Sund