Problem 11-9 (LO 5, 6) Same facts as Problem 11-8 except involve remeasurement. Useful comparison with Problem 11-8. Assume the same facts as Problem 11-8 with the following exceptions:

1. I really need the notes calculated to gain the exchange rates for ending inventory, depreciable assets, accumulated depreciation, retained earnings, cost of sales, and depreciation expense.

2. Also, eliminations and adjustments are needed.

3. Please provide any other helpful information.

Problem 11-8 (1O3 5) Translate a trial balance and prepare a consolidation work- sheet. Useful comparison with Problem 11-9, Balfour Corporation acquired 100% of Tobac, Inc., a foreign corporation, for 33,000,000 FC. The acquisition, which was accounted for as a purchase, occurred on July 1, 2015, when Tobac's equity, in FC, was as follows Common stock Paidin copital in xcess of par 19.000,000 FC 8,480,000 2,520,000 Any excess of cost over book value is traceable to equipment which is to be depreciated over 10 wears Ralfour uses the simnle eouity merhod to account for its investment in Tohac On April 1, 2017, Tobac acquired additional equipment costing 4,000,000 FC. Equipment is depreciated by the straight-line method over 10 years. No other equipment had been acquired or disposed of since 2014. Tobac December 31, 2017, consists of the the LIFO inventory method. Ending inventory on Acquired in the first quarter of 2014.... 1,000,000FC 500,000 The cost of sales is traceable to goods purchased during 2017 as follows: 23,400,000 FC 4,200,000 Acquired uniformly over the last 9 months.. Other expenses were incurred evenly over the year On April 1, 2017. Tobac borrowed $1,280,000 from the parent company in order to help finance the purchase of oquipment. The note is due in one year and bears interest at a rate of 896, Principal and interest amounts are due to the parent in dollars. Various spot rates are as follows: FC 1 FC First quarter, 2014 average 2014 Average $046 Dcember 31, 2016 $0.60 0.64 0.67 0.66 July 1, 2015 December 31 , 2015 0.55 Last 9 months, 2017 averae Lost 6 months, 2015 overoge.. 0.57 Problem 11-8 (1O3 5) Translate a trial balance and prepare a consolidation work- sheet. Useful comparison with Problem 11-9, Balfour Corporation acquired 100% of Tobac, Inc., a foreign corporation, for 33,000,000 FC. The acquisition, which was accounted for as a purchase, occurred on July 1, 2015, when Tobac's equity, in FC, was as follows Common stock Paidin copital in xcess of par 19.000,000 FC 8,480,000 2,520,000 Any excess of cost over book value is traceable to equipment which is to be depreciated over 10 wears Ralfour uses the simnle eouity merhod to account for its investment in Tohac On April 1, 2017, Tobac acquired additional equipment costing 4,000,000 FC. Equipment is depreciated by the straight-line method over 10 years. No other equipment had been acquired or disposed of since 2014. Tobac December 31, 2017, consists of the the LIFO inventory method. Ending inventory on Acquired in the first quarter of 2014.... 1,000,000FC 500,000 The cost of sales is traceable to goods purchased during 2017 as follows: 23,400,000 FC 4,200,000 Acquired uniformly over the last 9 months.. Other expenses were incurred evenly over the year On April 1, 2017. Tobac borrowed $1,280,000 from the parent company in order to help finance the purchase of oquipment. The note is due in one year and bears interest at a rate of 896, Principal and interest amounts are due to the parent in dollars. Various spot rates are as follows: FC 1 FC First quarter, 2014 average 2014 Average $046 Dcember 31, 2016 $0.60 0.64 0.67 0.66 July 1, 2015 December 31 , 2015 0.55 Last 9 months, 2017 averae Lost 6 months, 2015 overoge.. 0.57