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hi! the posted question is a single question but l had to take 3 different pictures. I labelled the pictures inorder so that you understand
hi!
P 9-2 (15 Minutes, Easy) 1 The SCI for 20x3 for Hilary Co., expressed in Coker francs (CF), is as follows: CF3,000,000 Sales revenue Cost of goods sold: Beginning inventory Purchases Ending inventory 200,000 1,000,000 1,200,000 400,000 800,000 300,000 900,000 200,000 2,200,000 CF 800,000 Depreciation Other operating expenses Interest expense Total expenses Net income Hilary Co. is 100% owned by Bryan Inc., a Canadian corporation. Sales revenue, purchases of inventory, and operating expenses Hilary Co. is 100% owned by Bryan Inc., a Canadian corporation. 2 Sales revenue, purchases of inventory, and operating expenses (except depreciation) all occurred evenly through the year. Interest expense accrued throughout the year, but was all paid at the end of the year. The beginning inventory was purchased on October 1, 20X2, when the exchange rate was 0.74; the ending inventory was purchased on November 1, 20X3, when the exchange rate was 0.85. The capital assets were acquired when the exchange rate was 0.62. Other exchange rate information is as follows: December 31, 20X2 0.77 Average for 20X3 0.82 December 31, 20X3 0.87 5 3 the end of the year. The beginning inventory was purchased on October 1, 20X2, when the exchange rate was 0.74; the ending inventory was purchased on November 1, 20X3, when the exchange rate was 0.85. The capital assets were acquired when the exchange rate was 0.62. Other exchange rate information is as follows: December 31, 20X2 0.77 Average for 20x3 0.82 December 31, 20X3 0.87 Required Translate the SCI into Canadian dollars, using the: a. current-rate method; and b. temporal method the posted question is a single question but l had to take 3 different pictures.
I labelled the pictures inorder so that you understand the question.
please help ......
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