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find the right numbers Translation and Remeasurement of Subsidiary Trial Balance Cove Corporation, aus.company acquired Denner, anscount supermarket chain Swrestand on January 2017 Denna sidiary
find the right numbers
Translation and Remeasurement of Subsidiary Trial Balance Cove Corporation, aus.company acquired Denner, anscount supermarket chain Swrestand on January 2017 Denna sidiary of Comwe, and recorded with those Contain Contaves financatatements Denner's trial balances for uwy and December 31, 2017 in Sans Chal appear below DIC finthandel December 1 january 1 Chandles C000 5.000 10000 16.00 Amandie DO 12000 Com DO LOOD mary1 2000 COB Divider 20.000 0.00 Costo 25.000 25.000 CHO Additional information in thousands) 1. Included in operating expenses is depreciation expense of CHES.000 2. Plant and equipment of CHF25.000 was purchased for cash during 2017, when the exchange rate wat 51.04 Deprecation of CHF2,000 was taken on the purchin during 2017 3. The ending inventory was purchased during the month of December 4. Revenues, purchases, and operating expenses other than depreciation occurred evenly during the year 5. Dividends were declared on December 31, 2017 6 Exchange rates for 2017 were as follows (S/CHF) January 1, 2017 11.03 Auto 2017 TO for December 2011 10 December 2017 1.09 Instructions for Remeasurement Gain/Loss Schedule: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. CHE (4) Remeasurement Gain/Loss Schedule (in thousands) CHE S/CHF Exposed position, beginning 5,220 X 1.035 Sales 500,000 1.06 Purchases (365,000) 1.06 Cash operating expenses (70,000) 1.06 Dividends (20,000) 1.09 Plant and equipment acquisition (25,000) 1.04 5.220 X 530,000 (386,900) (74,200) (21,800) (26,000) ox 0.X 5,000 CHE 10,000 x 1.09 Exposed position, ending Remeasurement loss $ Instructions for Translation Gain/Loss Schedule 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer Translation Gain/Loss Schedule (in thousands) CHE S/CHE Exposed position, beginning CHF 130000 1.03 $ 133900 Net income 65000 X 10 X 50 X Dividends 20000 x 540 x 40 X 50 X Exposed position, ending CHE 50 X 20 x 50 X Translation gain 40 X $ Check Step by Step Solution
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