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i want it by computer type , so i can copy it on (wordumber) Question 26 Arabian Inc. domiciled in Sharjah own Arabian Canadian, SA,
i want it by computer type , so i can copy it on (wordumber)
Question 26 Arabian Inc. domiciled in Sharjah own Arabian Canadian, SA, widiary in Canada which was established in my 1, 2020 Using the current rate method, translate (convert the below Arabian Canadian's Financial statements (Income statement and Statement of Financial Position) to the currency of the parent company as of December 31, 2020. Assuming that (1) there was no beginning inventory (2) Inventory was carried at cost and acquired evenly during the last quarter of 2010 i puthan were made evenly throughout yearfoedants were acquired on January 1, 2020, and capital stock was sold on lauary 1, 2020 Relevant Exchange rates (UAE Dirham per Canadian Dollar January 1, 2030 3D tham Average for 2020 275 Durham Average for a quarter 2020 2,65 Dirham December 31, 2020 25 Dirham Arabian Canadian Statement of Financial Position as of December 31, 2020 in Canadian Dollar Cash 1.000 Accounts payabil 2.000 Accounts Receivable 2,000 Long-term debe 6.000 Inventory 2.500 Capital stock 1.000 Fixed assets 3.000 Retained earning 1.500 Accumulated deprecanon 1.000 Arabien Canada'sincome Statement tems as of December 31, 2020 in Canadian Dollar Sales 20.000 Decreation Experte 1.000 Cost of Goods sold 14.000 Interest Expense 500 Other Experties 2.500 Income 500 Step by Step Solution
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