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On January 1 st 2 0 1 0 Dunkin Donuts acquired the French Pastry Company information about French Pastry is as follows: January 1 ,
On January st Dunkin Donuts acquired the French Pastry Company information about French Pastry is as follows:
January the Euro was worth $
On January st French Pastry Company purhcased some land when the Euro was worth $
On January st French Pastry Company purchased some equipent when the Euro was worth $
On July st French Pastry paid a euro dividend when the Euro was worth $
the average exchange rate between the Euro and the dollar in was Euro $
On December st the Euro was worth $
On January st French Pastry's retained earnings in dollars was $
On October st French Pastry sold some of the land purchased in The Euro was worth $ on October st
French Pastry Balance Sheet using US GAAP, but in Euros Dec
Cash Account Payable
accounts receivable note payable
equipment
ad equipment Common stock
land APIC Common stock
retained earnings
total assets
French Pastry Income Statement using US GAAP but in Euros For the year
Sales
depreciation expense
operating expenses
sale of land
net income
REQUIRED: PREPARE FRENCH PASTRY'S STATEMENTS IN DOLLARS IF THE DOLLAR IS THE FUNCTIONAL CURRENCY
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