I only need answers. I don't need explanation.

We have a set of financial statements of a subsidiary and other information below. Income Statement (from January 1, 2016 to December 31, 2016) Account Local Currency (LC) Revenues 7,800,000 4,200,000 Selling, General and Administrative Expenses (except depreciation) Depreciation 600,000 Net Income 3,000,000 Statement of Retained Earnings (from January 1, 2016 to December 31, 2016) Account Local Currency (LC) Retained Earnings of Jan 1, 2016 7,500,000 Net Income 3,000,000 Dividends ol Retained Earnings of Dec 31, 2016 10,500,000 Balance Sheet (as of December 31, 2016) Asset Local Currency (LC) Cash 1,800,000 Account Receivables 2,700,000 Land 6,300,000 15,000,000 Building Accumulated Depreciation -3,000,000 Total 22,800,000 Liability and Equity Account Payables Local Currency (LC) 3,200,000 Loan 6,100,000 Common Stock 3,000,000 Retained Earnings 10,500,000 Total 22,800,000 USD per LC 1.20 Table of Exchange Rates Description When the company was established and bought Land and Building 2016/1/1 2016/12/31 Average exchange rate of 2016 1.53 1.68 1.56 Information about beginning balance of Retained Earnings Local Currency (LC) 7,500,000 Method USD Current Rate Method 9,000,000 2,250,000 Temporal Method Q1. Translate the set of financial statements of local currency to the set of financial statements of USD by Current rate method below. Income Statement (from January 1, 2016 to December 31, 2016) Account USD Revenues undisclosed Selling, General and Administrative Expenses (except depreciation) Depreciation Net Income Statement of Retained Earnings (from January 1, 2016 to December 31, 2016) Account USD Retained Earnings of Jan 1, 2016 Net Income Dividends undisclosed Retained Earnings of Dec 31, 2016 Balance Sheet (as of December 31, 2016) Asset USD Cash undisclosed Account Receivables Land undisclosed Building Accumulated Depreciation undisclosed Total USD Liability and Equity Account Payables Loan undisclosed Common Stock Retained Earnings Translation Adjustment Total undisclosed 1. If your company does international trading, what kind of issue related to international accounting there is? A multiple-choice question with one possible answer. 1.0 Recognition of past service cost 2. O Translation of foreign currency 3.0 International insurance 4. Amount of profit 2. If your company does international trading, what kind of issue related to international accounting there is? A multiple-choice question with one possible answer. 1.0 Foreign exchange risk 2. O Risk of default 3.0 Liquidity risk 4. O Human resource risk 3. If your company does a foreign direct investment, what kind of issue related to international accounting there is? A multiple-choice question with one possible answer. 1. O Different method of job performance evaluation 2. O Different accounting standard 3. O Different method of managerial accounting 4. O Different culture 4. If your company does a foreign direct investment, what kind of issue related to international accounting there is? A multiple-choice question with one possible answer. 1.0 Liquidity risk 2. O Risk of default 3. O Double taxation 4.0 Double counting of managerial accounting 5. If your company has intercompany sales, what kind of issue related to international accounting there is? A multiple-choice question with one possible answer. 1. Have to take care of operation regulations 2. O Have to take care of transfer pricing regulations 3. O Have to take care of logistics regulations 4.0 Have to take care of insurance regulations 6. If your company does cross-listing, what kind of issue related to international accounting there is? 1. O A multiple-choice question with one possible answer. Risks of default differ for foreign companies 2.0 Listing regulations differ for foreign companies 3. O Transfer regulations differ for foreign companies 4. O Amount of money raised differs for foreign companies