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d 3 Translation Alamo Inc. purchased 8 0 percent of the outstanding stock of Western Ranching Company, located in Australia, on January 1 , 2
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Alamo Inc. purchased percent of the outstanding stock of Western Ranching Company, located in Australia, on January X The purchase price in Australian dollars A$ was A$ and $ of the differential was allocated to plant and equipment, which is amortized over a
Chapter Multinational Accounting: Issues in Financial Reporting and Translation of Foreign Entity Statements dollars is as follows:
P
Additional Information during the year. Purchases were the ending inventory was acquired at the average exchange:
Plant and equipment were acquired as "whine?:
tableCosteJanuary A $
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