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help 1 Rolte Company US based company has a subsidiary in Nigeria where the local currency unt is the On December 2015, the subsidiary had
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1 Rolte Company US based company has a subsidiary in Nigeria where the local currency unt is the On December 2015, the subsidiary had the following balance she mounts in thousands 1000s ta Inventary Bin Acceder OR 10,70 Bates me 11.00 tock 4,158 41 WON 53.150 21 . 13.11 The subsidy schuired me inventory on 2010. and the sand and in 2001 te conoce 201 Dung 2020, me following transacions took place 2036 Fels. The able ay 1 Sorry for 3.500.000 od 6.190, 1 Collected to receive Store M. 1 Now lander 2. W RE 1 bulan View Descardedection for the rol 1.071, The US doorge NGN ME ES 1,119 De 2018 Tary Hay 1 - Sw . . Per 14 Ne M 1 10 30 1. Whente payable y Seryer 17, Se sold 6,150,00 1 Calle acts receivable SI Sed long tersive. 116,00 Bottory for 70.150.000 w 1 tane for 5.000 count 01 Declared paid 3,150,00 cash divide Dec 11 Recorded depreciation for the entire year of 2.605,000 The US doll change rates for 1 NGN are as follows: 2013 A December 31, 2018 February 2008 y 10 Jul, 1 1. 20 September 12 October 1, 2010 Nov 1, 2009 December 1, 2009 December 1, 202 Average for 2000 N1 - 1 - 1- 1- 1 - 1- 1 - 1. 1 - 4. 6.107 4. 0.000 100 . 0.0 0.001 5.00 0.0015 D. 0.011 1- 1 1 - a. Asuing the NON is the subsidiary's functional currency, what is the translation adjustment determined solely for 20301 b. Assuming the US is the subsidiary functional currency, what is the remain gain or los determined solely for 20207 finput all amounts as positive Enter amounts in whole dollars) le 1 Rolte Company US based company has a subsidiary in Nigeria where the local currency unt is the On December 2015, the subsidiary had the following balance she mounts in thousands 1000s ta Inventary Bin Acceder OR 10,70 Bates me 11.00 tock 4,158 41 WON 53.150 21 . 13.11 The subsidy schuired me inventory on 2010. and the sand and in 2001 te conoce 201 Dung 2020, me following transacions took place 2036 Fels. The able ay 1 Sorry for 3.500.000 od 6.190, 1 Collected to receive Store M. 1 Now lander 2. W RE 1 bulan View Descardedection for the rol 1.071, The US doorge NGN ME ES 1,119 De 2018 Tary Hay 1 - Sw . . Per 14 Ne M 1 10 30 1. Whente payable y Seryer 17, Se sold 6,150,00 1 Calle acts receivable SI Sed long tersive. 116,00 Bottory for 70.150.000 w 1 tane for 5.000 count 01 Declared paid 3,150,00 cash divide Dec 11 Recorded depreciation for the entire year of 2.605,000 The US doll change rates for 1 NGN are as follows: 2013 A December 31, 2018 February 2008 y 10 Jul, 1 1. 20 September 12 October 1, 2010 Nov 1, 2009 December 1, 2009 December 1, 202 Average for 2000 N1 - 1 - 1- 1- 1 - 1- 1 - 1. 1 - 4. 6.107 4. 0.000 100 . 0.0 0.001 5.00 0.0015 D. 0.011 1- 1 1 - a. Asuing the NON is the subsidiary's functional currency, what is the translation adjustment determined solely for 20301 b. Assuming the US is the subsidiary functional currency, what is the remain gain or los determined solely for 20207 finput all amounts as positive Enter amounts in whole dollars) le Step by Step Solution
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