Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globallythough with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok 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 U.S. dollars are: B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B22.00/$ Historic exchange rate at which plant and equipment were acquired. The Thai baht dropped in value from B33.00/$ to B44.00/$ between March 31 and April 1. Assuming no change in balance sheet accounts between these two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is shown here, and the one using the temporal method is shown here, E . Explain the translation gain or loss in terms of changes in the value of exposed accounts. Using the translated balance sheet under the current rate method, E., what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. $ (Round to the nearest dollar.) Using the translated balance sheet under the temporal method, P., what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. $ (Round to the nearest dollar.) The V results in a translation gain, as opposed to the CTA loss found under the would be impossible under the V because all assets are exposed under that method, whereas the drop-down menus.) V, because of the different exchange rates used against net plant and equipment and the inventory line items. This gain carries net plant and equipment and inventory at relevant historical exchange rates. (Select from the Cash Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globallythough with recent commodity price increases of all kinds including copper, its business has begun to grow rapidlv. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: i Data Table Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B22.00/$ Historic exchange rate at which plant and equipment were acquired. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method . The Thai baht dropped in value from B33.00/$ to B44.00/$ between March 31 and April 1. Assuming no March 31 April1 pod and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is sh Exchange Translated Exchange Translated ps in the Assets value of exposed accounts. In Bahts (B) Rate (B/$) Accounts ($) Rate (B/S) Accounts ($) B23,000,000 33.00 $696,970 44.00 $522,727 Accounts receivable 35,000,000 33.00 1,060,606 44.00 795,455 49,000,000 Inventory 33.00 1,484,848 44.00 1,113,636 i Data Table Net plant and equipment 60,000,000 33.00 1,818,182 44.00 1,363,636 Total B167,000,000 $5,060,606 $3,795,454 Liabilities and Net Worth Bangkok Instruments, Ltd. Accounts payable B19,000,000 33.00 $575,758 44.00 $431,818 Balance Sheet, March 1 Bank loans 58,000,000 33.00 1,757,576 44.00 1,318,182 Assets Liabilities & Net Worth Common stock 20,000,000 22.00 909,091 22.00 909,091 Cash B23,000,000 Accounts payable B19,000,000 Retained earnings 70,000,000 38.50 (a) 1,818,181 38.50 (b) 1,818,181 gain Accounts receivable 35,000,000 Bank loans 58,000,000 Translation adjustment (CTA) ? ? Inventory 49,000,000 Common stock 20,000,000 rom the Total B167,000,000 $5,060,606 $3,795,454 Net plant & equipment 60,000,000 Retained earnings 70,000,000 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all B167,000,000 B167,000,000 prior years, translated to exchange rates in each year. Click on the icon located on the top-right corner of the data table in order to copy its (b) Translated into dollars at the same rate as before depreciation of the baht. contents into a spreadsheet. Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Print Done Print Print Done Done Ener your answer in each one answer boxes. Bangkok Instruments, Ltd.(A). Bangkok Instruments, globallythough with recent commodity price increases sheet in thousands of Thai bahts (B) as of March 31 is sh hents primarily for the oil and gas industry ited States and Europe. Bangkok Instruments' balance A Data Table - X Exchange rates for translating Bangkok Instruments' bala B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devalu B22.00/$ Historic exchange rate at which plant and eqy Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Temporal Method The Thai baht dropped in value from B33.00/$ to B44.00/ the temporal method. Bangkok Instruments' translated bal value of exposed accounts. s from translation by both the current rate method and In the translation gain or loss in terms of changes in the Cash Using the translated balance sheet under the current rate $ (Round to the nearest dollar.) March 31 April1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/$) Accounts ($) Rate (B/$) Accounts ($) B23,000,000 33.00 $696,970 44.00 $522,727 Accounts receivable 35,000,000 33.00 1,060,606 44.00 795,455 Inventory 49,000,000 33.00 1,484,848 33.00 1,484,848 Net plant and equipment 60,000,000 22.00 2,727,273 22.00 2,727,273 Total B167,000,000 $5,969,697 $5,530,303 Liabilities and Net Worth Accounts payable B19,000,000 33.00 $575,758 44.00 $431,818 Bank loans 58,000,000 33.00 1,757,576 44.00 1,318,182 Common stock 20,000,000 22.00 909,091 22.00 909,091 Retained earnings 70,000,000 25.67 (a) 2,727,272 25.67 (b) 2,727,272 Translation gain (loss) (c) Total B167,000,000 $5,969,697 $5,530,303 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. (c) Under the temporal method, the translation gain (loss) would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Using the translated balance sheet under the temporal me $ (Round to the nearest dollar.) The results in a translation gain, as would be impossible under the drop-down menus.) nd equipment and the inventory line items. This gain at relevant historical exchange rates. (Select from the bec Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Print Done Enter your answer in each of the answer boxes. The V results in a translation gain, as opposed to the CTA loss found under the would be impossible under the V because all assets are exposed under that method, whereas the drop-down menus.) v. because of the different exchange rates used against net plant and equipment and the inventory line items. This gain carries net plant and equipment and inventory at relevant historical exchange rates. (Select from the current rate method temporal method Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globallythough with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok 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 U.S. dollars are: B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B22.00/$ Historic exchange rate at which plant and equipment were acquired. The Thai baht dropped in value from B33.00/$ to B44.00/$ between March 31 and April 1. Assuming no change in balance sheet accounts between these two days, calculate the gain or loss from translation by both the current rate method and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is shown here, and the one using the temporal method is shown here, E . Explain the translation gain or loss in terms of changes in the value of exposed accounts. Using the translated balance sheet under the current rate method, E., what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. $ (Round to the nearest dollar.) Using the translated balance sheet under the temporal method, P., what is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. $ (Round to the nearest dollar.) The V results in a translation gain, as opposed to the CTA loss found under the would be impossible under the V because all assets are exposed under that method, whereas the drop-down menus.) V, because of the different exchange rates used against net plant and equipment and the inventory line items. This gain carries net plant and equipment and inventory at relevant historical exchange rates. (Select from the Cash Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globallythough with recent commodity price increases of all kinds including copper, its business has begun to grow rapidlv. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: i Data Table Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devaluation. All inventory was acquired at this rate. B22.00/$ Historic exchange rate at which plant and equipment were acquired. Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Current Rate Method . The Thai baht dropped in value from B33.00/$ to B44.00/$ between March 31 and April 1. Assuming no March 31 April1 pod and the temporal method. Bangkok Instruments' translated balance sheet using the current rate method is sh Exchange Translated Exchange Translated ps in the Assets value of exposed accounts. In Bahts (B) Rate (B/$) Accounts ($) Rate (B/S) Accounts ($) B23,000,000 33.00 $696,970 44.00 $522,727 Accounts receivable 35,000,000 33.00 1,060,606 44.00 795,455 49,000,000 Inventory 33.00 1,484,848 44.00 1,113,636 i Data Table Net plant and equipment 60,000,000 33.00 1,818,182 44.00 1,363,636 Total B167,000,000 $5,060,606 $3,795,454 Liabilities and Net Worth Bangkok Instruments, Ltd. Accounts payable B19,000,000 33.00 $575,758 44.00 $431,818 Balance Sheet, March 1 Bank loans 58,000,000 33.00 1,757,576 44.00 1,318,182 Assets Liabilities & Net Worth Common stock 20,000,000 22.00 909,091 22.00 909,091 Cash B23,000,000 Accounts payable B19,000,000 Retained earnings 70,000,000 38.50 (a) 1,818,181 38.50 (b) 1,818,181 gain Accounts receivable 35,000,000 Bank loans 58,000,000 Translation adjustment (CTA) ? ? Inventory 49,000,000 Common stock 20,000,000 rom the Total B167,000,000 $5,060,606 $3,795,454 Net plant & equipment 60,000,000 Retained earnings 70,000,000 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all B167,000,000 B167,000,000 prior years, translated to exchange rates in each year. Click on the icon located on the top-right corner of the data table in order to copy its (b) Translated into dollars at the same rate as before depreciation of the baht. contents into a spreadsheet. Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Print Done Print Print Done Done Ener your answer in each one answer boxes. Bangkok Instruments, Ltd.(A). Bangkok Instruments, globallythough with recent commodity price increases sheet in thousands of Thai bahts (B) as of March 31 is sh hents primarily for the oil and gas industry ited States and Europe. Bangkok Instruments' balance A Data Table - X Exchange rates for translating Bangkok Instruments' bala B44.00/$ April 1 exchange rate, after 25% devaluation. B33.00/$ March 31 exchange rate, before 25% devalu B22.00/$ Historic exchange rate at which plant and eqy Bangkok Instruments' Translation Gain (Loss) After Depreciation of the Baht: Temporal Method The Thai baht dropped in value from B33.00/$ to B44.00/ the temporal method. Bangkok Instruments' translated bal value of exposed accounts. s from translation by both the current rate method and In the translation gain or loss in terms of changes in the Cash Using the translated balance sheet under the current rate $ (Round to the nearest dollar.) March 31 April1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/$) Accounts ($) Rate (B/$) Accounts ($) B23,000,000 33.00 $696,970 44.00 $522,727 Accounts receivable 35,000,000 33.00 1,060,606 44.00 795,455 Inventory 49,000,000 33.00 1,484,848 33.00 1,484,848 Net plant and equipment 60,000,000 22.00 2,727,273 22.00 2,727,273 Total B167,000,000 $5,969,697 $5,530,303 Liabilities and Net Worth Accounts payable B19,000,000 33.00 $575,758 44.00 $431,818 Bank loans 58,000,000 33.00 1,757,576 44.00 1,318,182 Common stock 20,000,000 22.00 909,091 22.00 909,091 Retained earnings 70,000,000 25.67 (a) 2,727,272 25.67 (b) 2,727,272 Translation gain (loss) (c) Total B167,000,000 $5,969,697 $5,530,303 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the baht. (c) Under the temporal method, the translation gain (loss) would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Using the translated balance sheet under the temporal me $ (Round to the nearest dollar.) The results in a translation gain, as would be impossible under the drop-down menus.) nd equipment and the inventory line items. This gain at relevant historical exchange rates. (Select from the bec Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Print Done Enter your answer in each of the answer boxes. The V results in a translation gain, as opposed to the CTA loss found under the would be impossible under the V because all assets are exposed under that method, whereas the drop-down menus.) v. because of the different exchange rates used against net plant and equipment and the inventory line items. This gain carries net plant and equipment and inventory at relevant historical exchange rates. (Select from the current rate method temporal method