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On January 1, 2024, Bridgeport Systems, a U.S.-based company, purchased a controlling interest in Crane Management Consultants located in Zurich, Switzerland. The acquisition was treated

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed On January 1, 2024, Bridgeport Systems, a U.S.-based company, purchased a controlling interest in Crane Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase transaction. The 2024 financial statements stated in Swiss francs are given below. Direct exchange rates for Swiss franc are: (a) Translate the year-end balance sheet and income statement of the foreign subsidiary using the current rate method of translation. (Round answers to 0 decimal places, e.g. 5,125. Enter loss and debit cumulative translation adjustment using either a negative sign preceding the number e.g. 2,945 or parentheses e.g. (2,945).) Cuisuluateu II nce Sheet otal otal

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