Finish attempt Dec2 Not Com Marind out of 10 Fagosto Translation of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary maintains to books in the Canadian Dollar (CAD) as its functional currency. Following are the subsidiarys financial statements in CAD) for the most recent year The relevant exchange rates (CAD) are as follows NOY 5070 COV 10.89 Avg. rate 100 PPE purchase certe SO LTD borrowindate rate $0.83 Didendate 0.14 Historical rate con stock and APC) For both parts and b, below, use a negative sign with answers to indicate a reduction a. Translate the subsidiary's income statement statement of retained earnings balance sheet, and statement of cash flows into Sustassume that the BOY Retained Earrings is 5676.626) Round all answers in the in US Dollars column to the nearest dollar For both parts and below. use a negative sign with answers to indicate a reduction Translate the subsidiary income statement statement of retained earnings, balance sheet and statement of cash flows into sustassume that the Govetained a 55766351 Round all answers in the US Dollars column to the nearest dollar Translation Income Statement In CADE Kate US Dollar 10.000 Categoodsold 90.000 Grosso 660.000 Open 1409.00 Nec 231.000 1 Statement of Retained Earning BOY as 250 5 0 Net 211.000 0 Divided 23.100) 0 0 BOY 04.150 s 0 Balance Sheet AS Ca SO 0.5 Accounts receive 2005 0 O entory 191.700 5 0 Property plant and equipment (PPER net 040 0 52251570 Total 15 O and stockholders equity Current states 32790 03 0 t-Tlubone 652.080 0 Commons 110.000 o O APIC 137.500 0 0 1,074150 0 Rete L. C AC LOM150 0 1 570 5231.000 D 1000 0 D 0 0 w Satent of cash flow tenticom Chanes in accounts Cone Canin Ner cash from pering CE Nel cash from Chung inner Diends Netch from Nerchangin 6600 13 BRO TORO 120100 SEO 12.90 0 0 0 0 0 138.000 H69.590 Ending cash O b. Compute the ending Cumulative Translation Adjustment directly, assuming a Boy balance of $32,452 Round all answers to the newest dollar Direct computation of translation adjustment 5 0 Niet incomeX EDYAverage contrat 0 O = 0 0 LOY cuando dent 1 Finish attempt Dec2 Not Com Marind out of 10 Fagosto Translation of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary maintains to books in the Canadian Dollar (CAD) as its functional currency. Following are the subsidiarys financial statements in CAD) for the most recent year The relevant exchange rates (CAD) are as follows NOY 5070 COV 10.89 Avg. rate 100 PPE purchase certe SO LTD borrowindate rate $0.83 Didendate 0.14 Historical rate con stock and APC) For both parts and b, below, use a negative sign with answers to indicate a reduction a. Translate the subsidiary's income statement statement of retained earnings balance sheet, and statement of cash flows into Sustassume that the BOY Retained Earrings is 5676.626) Round all answers in the in US Dollars column to the nearest dollar For both parts and below. use a negative sign with answers to indicate a reduction Translate the subsidiary income statement statement of retained earnings, balance sheet and statement of cash flows into sustassume that the Govetained a 55766351 Round all answers in the US Dollars column to the nearest dollar Translation Income Statement In CADE Kate US Dollar 10.000 Categoodsold 90.000 Grosso 660.000 Open 1409.00 Nec 231.000 1 Statement of Retained Earning BOY as 250 5 0 Net 211.000 0 Divided 23.100) 0 0 BOY 04.150 s 0 Balance Sheet AS Ca SO 0.5 Accounts receive 2005 0 O entory 191.700 5 0 Property plant and equipment (PPER net 040 0 52251570 Total 15 O and stockholders equity Current states 32790 03 0 t-Tlubone 652.080 0 Commons 110.000 o O APIC 137.500 0 0 1,074150 0 Rete L. C AC LOM150 0 1 570 5231.000 D 1000 0 D 0 0 w Satent of cash flow tenticom Chanes in accounts Cone Canin Ner cash from pering CE Nel cash from Chung inner Diends Netch from Nerchangin 6600 13 BRO TORO 120100 SEO 12.90 0 0 0 0 0 138.000 H69.590 Ending cash O b. Compute the ending Cumulative Translation Adjustment directly, assuming a Boy balance of $32,452 Round all answers to the newest dollar Direct computation of translation adjustment 5 0 Niet incomeX EDYAverage contrat 0 O = 0 0 LOY cuando dent 1
