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i need good help with this and pls i don't want a wrong answer as always beacuse i am really looking for help, also no
i need good help with this and pls i don't want a wrong answer as always beacuse i am really looking for help, also no handwriting for the answer, Financial statements of Leblanc Corporation, a foreign subsidiary of the DeWitt Corporation a US company are shown below at and for the year ended December
Please remeasure this subsidiary, and figure out the gain or loss on remeasurement.
Translate the subsidiary and figure out the gain or loss for translation.
Assumptions:
The parent company Clay organized the subsidiary on December
Exchange rates for the LCU were as follows:
December $
Current exchange Spot: December
Weighted Average Average of period
Inventory was acquired evenly throughout the year and sales were made evenly throughout the year.
Fixed assets were acquired by the subsidiary on December and common stock was issued.
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