Convert accounts of its non-us subsidiaries into us dollars

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Reference no: EM131869699

Accounting 4022-Fall 2017

Homework 14

Due Date: October 18, 2017

Find Wal-mart and Pfizer’s most recent 10_K from the SEC Edgar website and do the following:

Describe (Summarize) both companies methods used to convert the accounts of its non-U.S. Subsidiaries into U.S. dollars.

Why do you think Walmart and Pfizer have a propensity to use 1 method over the other?

NOTE: Attach relevant Notes from Wal-mart and Pfizer to your 1 page summary. Do not submit the entire 10-K.

Reference no: EM131869699

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