Bangkok Instruments, Ltd.(B). 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 globally, though 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: B29.17/\$ April 1 exchange rate, after 20% appreciation. B35.00/\$ March 31 exchange rate, before 20% appreciation. All inventory was acquired at this rate. B24.00/5 Historic exchange rate at which plant and equipment were acquired. The Thai baht appreciated in value from B35.00/\$ to B29.17/\$ 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, 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, 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.) Data table Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method (a) Dollar retained eamings before appreciation are the cumulative sum of additions to retained eamings 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. Click on the icon located on the top-right comer of the data table in arder fo copy its contents into a spreadsheet. Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Temporal Method (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. Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method (a) Dollar retained earnings before appreciation are the cumulative sum of additions to retained earnngs or an prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before appreciation of the baht. Click on the icon located on the top-nght corner of the data table in order to copy its contents into a spreadsheet. Bangkok Instruments, Ltd.(B). 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 globally, though 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: B29.17/\$ April 1 exchange rate, after 20% appreciation. B35.00/\$ March 31 exchange rate, before 20% appreciation. All inventory was acquired at this rate. B24.00/5 Historic exchange rate at which plant and equipment were acquired. The Thai baht appreciated in value from B35.00/\$ to B29.17/\$ 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, 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, 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.) Data table Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method (a) Dollar retained eamings before appreciation are the cumulative sum of additions to retained eamings 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. Click on the icon located on the top-right comer of the data table in arder fo copy its contents into a spreadsheet. Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Temporal Method (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. Data table Bangkok Instruments' Translation Gain (Loss) After Appreciation of the Baht: Current Rate Method (a) Dollar retained earnings before appreciation are the cumulative sum of additions to retained earnngs or an prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before appreciation of the baht. Click on the icon located on the top-nght corner of the data table in order to copy its contents into a spreadsheet
