translate using monetary non monetary method
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1 of 2 Galaxy Inc. American company ished webpin dia pering Japon 4 April 2008 by uboching to showcase the edge 13 the US. The balance sheet and income talent of the day in the year 2000 follow 0.000 Sales Review Cost of Goods Sold Groot Cle Darbo Odor Emer Supplies Expone Interest city Ince Wars Sales Expo Decatini Triture Fitte Die Free Buildings Depreciation Free Tools & Fan Net Profil SO SO 200 17.00 22 Assets Cash Account Receivable Notes Receivable Inventory Building T& Buline 170.000 SOLO & Fils Ngen Wher Hends Puyable Total Libes Swellery Share Capital Se - Retained Teal Stock Equity Total Liabilities Stockholders 000 Exchange Rates April 4when shares) Average for the ye Hem Baldings and mine penchused When and perched When liquipment Purchased When every Purchased Galaxy Inc., an American company, established ownership in a subsidiary operating in Japan on 1 April 2008 by subscribing to shares in cash when the exchange rate was 13 * to the $US. The balance sheet and income statement of the subsidiary for the year of 2009 follow Income Statement 700,000 300,000 400,000 Sales Revenue -Cost of Goods Sold Gross Profit - Other Expenses Distribution Expense Cleaning Expenses Supplies Expense Interest Expense Electricity Expense Insurance Expense Wages & Salaries Expense Depreciation Expense Furniture & Fixtures Depreciation Expense Buildings Depreciation Expense Tools & Equipment Net Profit 12,000 10,000 5,000 5,000 13,000 17.000 38.000 8,000 10,000 12,000 270,000 Balance Sheet (000) Assets Cash Accounts Receivables Notes Receivable Inventory Buildings Tools & Equipment Furniture & Fixtures Land Accumulated Depreciation Building Accumulated Depreciation Furniture & Fixtures Accumulated Depreciation Equipment Total Net Assets Liabilities & Stockholders' Equity Liabilities: 130,000 60,000 50,000 40,000 280,000 140,000 100.000 300,000 (150.000) (80,000) (10,000) 800,000 800,000 Liabilities & Stockholders' Equity Liabilities: Bank Loans Accounts Payable Bonds Payable Total Liabilities Stockholders' Equit: Share Capital 230,000 50,000 120,000 400,000 130,000 + Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 270.000 400,000 800,000 Exchange Rates: April 4 (when shares sold) Average for the year December 31 When Buildings and Furniture purchased When Land purchased When Equipment Purchased When Inventory Purchased to SUS 13 11 10 9 12 11 13 Galaxy Inc., an American company, established ownership in a subsidiary operating in Japan on 1 April 2008 by subscribing to shares in cash when the exchange rate was 13 * to the SUS. The balance sheet and income statement of the subsidiary for the year of 2009 follow Income Statement 700,000 300,000 400,000 Sales Revenue Cost of Goods Sold Gross Profit - Other Expenses Distribution Expense Cleaning Expenses Supplies Expense Interest Expense Electricity Expense Insurance Expense Wages & Salaries Expense Depreciation Expense: Furniture & Fixtures Depreciation Expense Buildings Depreciation Expense Tools & Equipment Net Profit 12,000 10,000 5,000 5,000 13,000 17.000 38,000 8,000 10,000 12,000 270,000 Balance Sheet (000) Assets Cash Accounts Receivables Notes Receivable Inventory Buildings Tools & Equipment Furniture & Fixtures Land Accumulated Depreciation Building Accumulated Depreciation. Furniture & Fixtures Accumulated Depreciation Equipment Total Net Assets Liabilities & Stockholders' Equity Liabilities: 130,000 60,000 50,000 10,000 280,000 140,000 100,000 300,000 (150.000) (80,000) (70,000) 800,000 800,000 Liabilities & Stockholders' Equity Liabilities: Bank Loans Accounts Payable Bonds Payable Total Liabilities Stockholders' Equit: Share Capital 230,000 50,000 120,000 400,000 130,000 + Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 270.000 400,000 800,000 Exchange Rates: April 4 (when shares sold) Average for the year December 31 When Buildings and Furniture purchased When Land purchased When Equipment Purchased When Inventory Purchased to SUS 13 11 10 9 12 11 13
