Dalrymple Inc. owns a company that operates in Guyana, Account balances in Guyanese dollars (GUYS) for the subsidiary are shown below: 2019 Cash and Receivables Jan-01 Dec.31 $ 18,000 $ 19,500 Supplies Property. Plant, and Equipment Accounts Payable Long-term Notes Payable Common Stock S s -S -S 750 S 375 39,375 36,750 8,625-S 4,125 14.250 LS 8,250 22,500 $ 22,500 S Retained Earnings S Dividends-Declared & Paid on Dec 31 Revenues Operating Expenses Totals in an in 12,750 -5 12.750 5 2,250 -$ 22,500 $ 11,250 S Exchange rates for 2019 were as follows: Jan-01 $0.25 Average for the year 0.21 Dec-31 ONT Revenues were earned and operating expenses except for depreciation and supplies used, were incurred evenly throughout the year. No purchases of supplies or plant assets were made dur the year Complete the following table using the temporal method to compute the translation gain or loss. GUYS Rate BDS$ Exposed net monetary liability position - 1/1 $ $ Adjustments for changes in net monetary position during the year Change in cash and receivables - $ revenues Change in monetary assets or monetary liabilities monetary position during the year Change in cash and receivables -- revenues Change in monetary assets or monetary liabilities Operating expenses Dividends paid Net monetary asset position translated using rate in effect at date of transactions Exposed net monetary asset position - 12/31 Translation loss/gain Dalrymple Inc. owns a company that operates in Guyana, Account balances in Guyanese dollars (GUYS) for the subsidiary are shown below: 2019 Cash and Receivables Jan-01 Dec.31 $ 18,000 $ 19,500 Supplies Property. Plant, and Equipment Accounts Payable Long-term Notes Payable Common Stock S s -S -S 750 S 375 39,375 36,750 8,625-S 4,125 14.250 LS 8,250 22,500 $ 22,500 S Retained Earnings S Dividends-Declared & Paid on Dec 31 Revenues Operating Expenses Totals in an in 12,750 -5 12.750 5 2,250 -$ 22,500 $ 11,250 S Exchange rates for 2019 were as follows: Jan-01 $0.25 Average for the year 0.21 Dec-31 ONT Revenues were earned and operating expenses except for depreciation and supplies used, were incurred evenly throughout the year. No purchases of supplies or plant assets were made dur the year Complete the following table using the temporal method to compute the translation gain or loss. GUYS Rate BDS$ Exposed net monetary liability position - 1/1 $ $ Adjustments for changes in net monetary position during the year Change in cash and receivables - $ revenues Change in monetary assets or monetary liabilities monetary position during the year Change in cash and receivables -- revenues Change in monetary assets or monetary liabilities Operating expenses Dividends paid Net monetary asset position translated using rate in effect at date of transactions Exposed net monetary asset position - 12/31 Translation loss/gain
