- Homework Chapter 11 Homework Question 3 Problem 11 3 Algorithmic Part 1 Of 2 A What Is The Amount Of Translation Ga 1 (43.72 KiB) Viewed 31 times
- Homework Chapter 11 Homework Question 3 Problem 11 3 Algorithmic Part 1 Of 2 A What Is The Amount Of Translation Ga 2 (72.71 KiB) Viewed 31 times
Homework: Chapter 11 Homework Question 3, Problem 11-3 (algorithmic) Part 1 of 2 a. What is the amount of translation gain or loss? b. Where should it appear in the financial statements? Ganado Europe (C). Using facts in the chapter for Ganado Europe, assume the exchange rate on January 2, 2016, in Exhibit 11.5 appreciated from $1.2900/€ to $1.4500/€. Calculate Ganado Europe's translated balance sheet for January 2, 2016, with the new exchange rate using the current rate method as shown in the popup window, a. What is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Help me solve this View an example Get more help - Save Clear all Check answer In
M Data table EXHIBIT 11.5 Ganado Europe's Translation Loss After Depreciation of the Euro: Current Rate Method December 31, 2015 Assets Cash Accounts receivable Inventory Net plant and equipment Total Liabilities and Net Worth Accounts payable Short-term bank debt. Long-term debt Common stock Retained earnings Translation adjustment (CTA) Total In Euros (€) 1,300,000 2,600,000 2,100,000 4,600,000 10,600,000 Question 3 Drohlam 11-2 1,500,000 2,000,000 1,700,000 2,300,000 3,100,000 Help me suive this VICTE DIT CADmpic Exchange Rate (US$/euro) 1.2900 1.2900 1.2900 1.2900 1.2900 1.2900 1.2900 1.3520 1.2900 (a) Print Translated Accounts (US$) $1,677,000 3,354,000 2,709,000 5,934,000 $13,674,000 QUE MOTO help $1,935,000 2,580,000 2,193,000 3,109,600 3,999,000 (142,600) January 2, 2016 Done Exchange Rate (US$/euro) 1.4500 1.4500 1.4500 1.4500 1.4500 1.4500 1.4500 1.3520 1.2900 (b) 10,600,000 $13,674,000 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the euro. Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Translated Accounts (US$) $1,885,000 3,770,000 3,045,000 6,670,000 $15,370,000 DIGHT E $2,175,000 2,900,000 2,465,000 3,109,600 3,999,000 721,400 $15,370,000 - X