Bangkok Instruments, Ltd.(B). Bangkok Instruments, Lid the Thai Subsidiary of a US corporation is a seismic instrument manufacturer Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally though with recent commodity price increases of all kinds--including copper-is business has begun to grow rapidly Sans are primarily to multinational companies based in the United States and Europe Bangkok Instruments balance shoot in thousands of Thai baht (t) as of March 31 is shown in the popup window Exchange rates for translating Bangkok Instruments balance sheet into US dollars are 326 3375 April 1 exchange rate after 20% appreciation 33400/1 March 31 exchange rate before 20% appreciation inventory was acquired at the 32300/5 stonexchange rate at which plant and equipment were acquired B23.0075 Historic exchange rate at which plant and equipment were acquired The Thai baht appreciated in value from 34 005 to 320.35 between March 31 and Art Assuming no change in balance sheet accounts between these wedersace 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 town and the one using the temporal method is shown herom Explain the translation gano boss in borins of changes in the value of exposed counts GE Using the translated balance sheet under the current role method what is the amount of translation gain or loss? Enter a positive number for gain and cegative for os. (Round to the nearest dolar) E Bangkok Instruments, Ltd. Balance Sheet, March 1 Assets Liabilities & Net Worth Cash B26,000,000 Accounts payable B19,000,000 Accounts receivable 36,000,000 Bank loans 60,000,000 Inventory 48,000,000 Common stock 16,000,000 Net plant & equipment 60,000,000 Retained earnings 75,000,000 B170,000,000 B170,000,000 Click on the icon located on the top-right corner of the data table in order to copy its Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method March 31 April 1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/$) Accounts (8) Rate (B/$) Accounts ($) Cash B26,000,000 34,00 $764,706 28.33 5917,755 Accounts receivable 36,000,000 34.00 1,058,824 28 33 1,270,738 Inventory 48,000,000 34.00 1,411,765 28 33 1,694,317 Net plant and equipment 60.000.000 34.00 1,764,706 28 33 2,117.896 Total 8170,000,000 $5,000,001 $6,000,706 MO Data table Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558 824 28.33 $670,667 Bank loans 60,000,000 34.00 1,764,706 28 33 2.117.896 Common stock 16,000,000 23.00 695,652 23.00 695,652 Retained earnings 75,000,000 37 86 (a) 1,980,819 37 86 (b) 1,980,819 Translation adjustment (CTA) 2 Total B170,000,000 $5,000,001 $6,000,706 (a) Dollar retained earnings before appreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year (b) Translated into dollars de the same rate as before appreciation of the baht. pa Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Temporal Method March 31 April1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/S) Accounts () Rate (B/S) Accounts () Cash B26,000,000 34.00 $764,706 28 33 $917 755 Accounts receivable 36,000,000 34.00 1,058 824 28 33 1,270,738 Inventory 48,000,000 3400 1.411,765 34.00 1.411,765 Net plant and equipment 60,000,000 23.00 2,608,696 23.00 2,608,696 Total 8170,000,000 $5,843.991 $6,208,954 Data table Liabilities and Net Worth Accounts payable Bank loans Common stock Retained earnings Translation gain (loss) Total B19,000,000 60,000,000 16,000,000 75,000,000 34 00 34 00 23 00 26.55 (a) $558,824 1764 706 695,652 2,824,809 28 33 28 33 23.00 26.55 (b) (C) $670,667 2,117 896 695,652 2,824,809 2 $6,208.954 ys, is s B170,000,000 $5,843,991 36 208.954 (a) Dollar retained earnings before appreciation 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 appreciation 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 Chck on the innat on the Bangkok Instruments, Ltd.(B). Bangkok Instruments, Lid the Thai Subsidiary of a US corporation is a seismic instrument manufacturer Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally though with recent commodity price increases of all kinds--including copper-is business has begun to grow rapidly Sans are primarily to multinational companies based in the United States and Europe Bangkok Instruments balance shoot in thousands of Thai baht (t) as of March 31 is shown in the popup window Exchange rates for translating Bangkok Instruments balance sheet into US dollars are 326 3375 April 1 exchange rate after 20% appreciation 33400/1 March 31 exchange rate before 20% appreciation inventory was acquired at the 32300/5 stonexchange rate at which plant and equipment were acquired B23.0075 Historic exchange rate at which plant and equipment were acquired The Thai baht appreciated in value from 34 005 to 320.35 between March 31 and Art Assuming no change in balance sheet accounts between these wedersace 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 town and the one using the temporal method is shown herom Explain the translation gano boss in borins of changes in the value of exposed counts GE Using the translated balance sheet under the current role method what is the amount of translation gain or loss? Enter a positive number for gain and cegative for os. (Round to the nearest dolar) E Bangkok Instruments, Ltd. Balance Sheet, March 1 Assets Liabilities & Net Worth Cash B26,000,000 Accounts payable B19,000,000 Accounts receivable 36,000,000 Bank loans 60,000,000 Inventory 48,000,000 Common stock 16,000,000 Net plant & equipment 60,000,000 Retained earnings 75,000,000 B170,000,000 B170,000,000 Click on the icon located on the top-right corner of the data table in order to copy its Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method March 31 April 1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/$) Accounts (8) Rate (B/$) Accounts ($) Cash B26,000,000 34,00 $764,706 28.33 5917,755 Accounts receivable 36,000,000 34.00 1,058,824 28 33 1,270,738 Inventory 48,000,000 34.00 1,411,765 28 33 1,694,317 Net plant and equipment 60.000.000 34.00 1,764,706 28 33 2,117.896 Total 8170,000,000 $5,000,001 $6,000,706 MO Data table Liabilities and Net Worth Accounts payable B19,000,000 34.00 $558 824 28.33 $670,667 Bank loans 60,000,000 34.00 1,764,706 28 33 2.117.896 Common stock 16,000,000 23.00 695,652 23.00 695,652 Retained earnings 75,000,000 37 86 (a) 1,980,819 37 86 (b) 1,980,819 Translation adjustment (CTA) 2 Total B170,000,000 $5,000,001 $6,000,706 (a) Dollar retained earnings before appreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year (b) Translated into dollars de the same rate as before appreciation of the baht. pa Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Temporal Method March 31 April1 Exchange Translated Exchange Translated Assets In Bahts (B) Rate (B/S) Accounts () Rate (B/S) Accounts () Cash B26,000,000 34.00 $764,706 28 33 $917 755 Accounts receivable 36,000,000 34.00 1,058 824 28 33 1,270,738 Inventory 48,000,000 3400 1.411,765 34.00 1.411,765 Net plant and equipment 60,000,000 23.00 2,608,696 23.00 2,608,696 Total 8170,000,000 $5,843.991 $6,208,954 Data table Liabilities and Net Worth Accounts payable Bank loans Common stock Retained earnings Translation gain (loss) Total B19,000,000 60,000,000 16,000,000 75,000,000 34 00 34 00 23 00 26.55 (a) $558,824 1764 706 695,652 2,824,809 28 33 28 33 23.00 26.55 (b) (C) $670,667 2,117 896 695,652 2,824,809 2 $6,208.954 ys, is s B170,000,000 $5,843,991 36 208.954 (a) Dollar retained earnings before appreciation 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 appreciation 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 Chck on the innat on the