on January 1, 2014 Trenten systems

On January 1, 2014, Trenten System, a U.S.-based company, purchased a controlling interest in Grant Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase transaction. The 2014 financial statements staled in Swiss francs are given below. Direct exchange rates for Swiss franc are: Required: A. Translate the year-end balance shed and income statement of the foreign subsidiary using the current rate method of translation. B. Prepare a schedule to verify the translation adjustment