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Posted on Jul 12, 2024

TETTE 3 Note Marted out of 10 laguer Translation of financial statements Assume that your company owns a subsidiary operating in Brazil. The subsidiary maintains

TETTE 3 Note Marted out of 10 laguer Translation of financial statements Assume that your company owns a subsidiary operating in Brazil. The subsidiary maintains its books in the Brazilian Real (L) as its functional currency. The subsidiary financial statement for the most recent year follow in part below The relevant exchange rates for the sus alue of the Brazilian real (5) are in follow NOV 1025 1029 PPE date 100 LID bordet 16 Dividendate Historical stock and ANC 10.14 For both parts and b below. use a negative sign with answers to indicate a reduction a Translate the subsidiary's income statement statement of retained eaming balance sheet and statement of cash flows into $US assume that the BOY Retained Earnings is 51,23001 Round all answers in the "in US Dollars" column to the nearest dollar Translation Income statement in AS Rate US Dollars Search or type URL 0 0 0 For both parts a. and b, below use a negative.aign with answers to indicate a reduction 3. Transtate the subsidiary's income statement statement of retained earnings, balance sheet and statement of cash flows to sustassume that the BOY Retained Earnings 31,230,248) Roundatlanswers in the 'in US Dollars column to the nearest dollar Translation ini Income statement An 1 Rate US Dollars 3.000.000 05 0 Ceito do 1.000.000 0 Grote 1.200.000 0 Opera 3 Nincome 430000 . Statement of retained in DOW 17.000 1 Ne 220.000 0 Duiden 042.00 0 0 LOW temin 551000 1 Balance sheet Assets Cash 153 800 03 0 Accounts recebe 600,000 0 Inventory 094.000 0 Property ant and equipment 1.652.600 0 Total 4067.400 Liabilities and stockholders Current SORO Tables 1.185.00 19 o 200,000 Commonsta 0 0 250.000 APC 0 0 Ret was 1,953000 : . Totalbies and equity 4097.000 Statement of cash flow minneholde17057 5 5 . 4,097,400 5 0$ 0 OO 0 0 0 0 0 $ 0 Total liabilities and equity Statement of cash flows: Net income Change in accounts receivable Change in inventories Change in current liabilities Net cash from operating activities Change in PPE, net Net cash from investing activities Change in long-term debt Dividends Net cash from financing activities Net change in cash 420,000 (116,000) (149,000) 84,800 239,800 (153,600) (153,600) 197,600 (42,000) 155,600 241,800 0 o 0 0 0 ooOOO 0 0 Beginning cash Ending cash 612,000 853,800 : o O 05 0 b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $(766,748) Round answers to the nearest dollar. 0 Direct computation of translation adjustment: $ Net income x (EOY - Average exchange rate) 0 OOOOOO 0 0 $ EOY cumulative translation adjustment Check TETTE 3 Note Marted out of 10 laguer Translation of financial statements Assume that your company owns a subsidiary operating in Brazil. The subsidiary maintains its books in the Brazilian Real (L) as its functional currency. The subsidiary financial statement for the most recent year follow in part below The relevant exchange rates for the sus alue of the Brazilian real (5) are in follow NOV 1025 1029 PPE date 100 LID bordet 16 Dividendate Historical stock and ANC 10.14 For both parts and b below. use a negative sign with answers to indicate a reduction a Translate the subsidiary's income statement statement of retained eaming balance sheet and statement of cash flows into $US assume that the BOY Retained Earnings is 51,23001 Round all answers in the "in US Dollars" column to the nearest dollar Translation Income statement in AS Rate US Dollars Search or type URL 0 0 0 For both parts a. and b, below use a negative.aign with answers to indicate a reduction 3. Transtate the subsidiary's income statement statement of retained earnings, balance sheet and statement of cash flows to sustassume that the BOY Retained Earnings 31,230,248) Roundatlanswers in the 'in US Dollars column to the nearest dollar Translation ini Income statement An 1 Rate US Dollars 3.000.000 05 0 Ceito do 1.000.000 0 Grote 1.200.000 0 Opera 3 Nincome 430000 . Statement of retained in DOW 17.000 1 Ne 220.000 0 Duiden 042.00 0 0 LOW temin 551000 1 Balance sheet Assets Cash 153 800 03 0 Accounts recebe 600,000 0 Inventory 094.000 0 Property ant and equipment 1.652.600 0 Total 4067.400 Liabilities and stockholders Current SORO Tables 1.185.00 19 o 200,000 Commonsta 0 0 250.000 APC 0 0 Ret was 1,953000 : . Totalbies and equity 4097.000 Statement of cash flow minneholde17057 5 5 . 4,097,400 5 0$ 0 OO 0 0 0 0 0 $ 0 Total liabilities and equity Statement of cash flows: Net income Change in accounts receivable Change in inventories Change in current liabilities Net cash from operating activities Change in PPE, net Net cash from investing activities Change in long-term debt Dividends Net cash from financing activities Net change in cash 420,000 (116,000) (149,000) 84,800 239,800 (153,600) (153,600) 197,600 (42,000) 155,600 241,800 0 o 0 0 0 ooOOO 0 0 Beginning cash Ending cash 612,000 853,800 : o O 05 0 b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $(766,748) Round answers to the nearest dollar. 0 Direct computation of translation adjustment: $ Net income x (EOY - Average exchange rate) 0 OOOOOO 0 0 $ EOY cumulative translation adjustment Check