MULTIPLE CE QUESTIONS for sh n subsidiary of reports accounts euros.Its functional however, is the Lo 1 consolidation. are responsible for changing the subsidiary's into US dollars in preparation Whi accounts currency is true regarding this procedure? 1. Remeasure the subsidiary's euro accounts into krona and then translate the krona accounts into US. Translate the subsidiary's euro accounts into krona and then remeasure the krona accounts into US Remeasure the subsidiary's euro accounts into US, dollars. Translate the into US. dollars. 2 At the end of 2017. in equipment purchased when Lo 1 exchange rate was si 40, subsidiary of a US parent reports 1000000 The average exchange rate and equipment purchased when the exchange rate was $1.50. s131 respectively. If the for 2017 is S135. and the beginning and ending rates for 2017 are $1.42 and inUS Italian subsidiary's functional currency is the US dollar, the equipment account, r. $5400.000 d $5900.000 Use the following information to answer questions 3 and 4: AUS. parent owns all of the stock of an Italian subsidiary. The subsidiary's January 1 and December 31.2017 trial balances are as follows in euros: January 1, 2017 December 31, 2017 200.000 Inventories, at FIFO cost 1,300,000 Plant & equipment, net. 1.080,000 Retained eamings, beginning.......... Cost of goods sold. out of pocket expenses purchases and recurring out of pocket expenses evenly throughout the year. Exchange rates occurred January 1, 2017 Average for declared.......... Rate when dividends December 2017 31, the subsidiary's functional currency is the euro What is the translation gain or loss for 20 Lo S128500 Voss 10 S13A gain MULTIPLE CE QUESTIONS for sh n subsidiary of reports accounts euros.Its functional however, is the Lo 1 consolidation. are responsible for changing the subsidiary's into US dollars in preparation Whi accounts currency is true regarding this procedure? 1. Remeasure the subsidiary's euro accounts into krona and then translate the krona accounts into US. Translate the subsidiary's euro accounts into krona and then remeasure the krona accounts into US Remeasure the subsidiary's euro accounts into US, dollars. Translate the into US. dollars. 2 At the end of 2017. in equipment purchased when Lo 1 exchange rate was si 40, subsidiary of a US parent reports 1000000 The average exchange rate and equipment purchased when the exchange rate was $1.50. s131 respectively. If the for 2017 is S135. and the beginning and ending rates for 2017 are $1.42 and inUS Italian subsidiary's functional currency is the US dollar, the equipment account, r. $5400.000 d $5900.000 Use the following information to answer questions 3 and 4: AUS. parent owns all of the stock of an Italian subsidiary. The subsidiary's January 1 and December 31.2017 trial balances are as follows in euros: January 1, 2017 December 31, 2017 200.000 Inventories, at FIFO cost 1,300,000 Plant & equipment, net. 1.080,000 Retained eamings, beginning.......... Cost of goods sold. out of pocket expenses purchases and recurring out of pocket expenses evenly throughout the year. Exchange rates occurred January 1, 2017 Average for declared.......... Rate when dividends December 2017 31, the subsidiary's functional currency is the euro What is the translation gain or loss for 20 Lo S128500 Voss 10 S13A gain
