Part A, B

Ganado Europe (C) Using facts in the chapter for Ganado Eutope. assume the exchange rate on January 2, 2016, in Exhibia 11.5 appreciated from $1.2400/e to $14900.1. Calculate Ganado Europe's translated balance sheet for January 2, 2016, with the now exchange rate using the current rate method as shown in the popup window. a. What is the amount of translation gain of loss? b. Where should it appear in the financial statemente? a. What is the amount of translation gain or loss? Enter a positlve number for a gain and negative for a loas (Round to the nearest dollar) Data table EXHIBIT 11.5 Ganado Europe's Translation Loss After Depreciation of the Euro: Current Rate Method (a) Dollar retained eamings belore oppreciation are the cumutatie sum of addinons to retained earnings m an pror years: translated to exchange tes in each year (b) Translated into dollars at the same rate as before depreciation of the euro Clicis on the icon located on the fopinght comer of the dita fable m order to copy its contents anto al spenadsheet