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Translate the remeasured accounts that are now stated in Reals into dollars using the current rate method. Direct exchange rates for the real are: (Round

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Translate the remeasured accounts that are now stated in Reals into dollars using the current rate method. Direct exchange rates for the real are: (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).) On January 1, 2024, Concord Systems, a U.S.-based company, purchased a controlling interest in Cullumber 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. (a) Your answer is correct. Remeasure the account balances that are expressed in Swiss francs into Brazilian reals. Direct exchange rates for the real are: (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).) Brazilian Real Translation Rate nsolidated Income and Retained Earnings Statement $ lance Sheet otal

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