Determine where the company foreign operation

Assignment Help Accounting Basics
Reference no: EM13135994

Many companies make annual reports available on their corporate Internet home page. Anuual reports also can be accessed through the SEC'S Edgar system at www.sec.gov (under fling type search for 10-K).

Acccess the most recent annual report for a U.S.-based multinational company which you are familiar.

A. Identify the location(s) in the annual report that provided the disclosures related to the translation of foreign currency financial statements and foreign currency hedging.

B. Determine where the company's foreign operation have a predominant functional currency.

C. Determine the amount of re measurement gain or loss, if any, reported in net income in each of the three most recent years.

d. Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of three most recent years.

E. Determine where the company hedges net investment in foreign operations. If so, determine the type (s) of hedging instrument used.

Reference no: EM13135994

Questions Cloud

Show the relevant accounts including final accounts : maintain a provision for discount@3% on debtors, maintain a provision for bad debts@15% on debtors,required pass the necessary journal entries and show the relevant accounts including final accounts?
American politics during eve of civil war : What was the political landscape of America on the eve of the Civil War? Many scholars point out that the Civil War was in many ways the product of the breakdown in the American political system that had effectively contained the divisive issue of..
How much gas remains in the cylinder : compressed gas cylinder contains 1.00 x 10^3 g of argon gas. The pressure inside the cylinder is 2050 psi at a temperature of 18 C.
Constitutional limitation of government power : Overview of the constitutional limitation of government power. Compare power national and state governments describe various types of gov grants.
Determine where the company foreign operation : Many companies make annual reports available on their corporate Internet home page. Anuual reports also can be accessed through the SEC'S Edgar system at www.sec.gov (under fling type search for 10-K).
Compare the p-value to the level of significance : Please state the null and alternative hypothesis in symbols and in words. Compare the P-value to the Level of Significance. Do you accept or reject Ho.
President leadership style in office : What is the relationship between a president's leadership style in office and his (or her?) campaign style? Explain your answer. Select a Political Action Committee (PAC). How is it funded? What political candidates does it support? Evaluate whether..
What is the principal quantum no of lower-energy state : One of the emission spectral lines for Be3+ has a wavelength of 253.4 nm for an electronic transmission that begins in the state with n = 5.
How many of corks would expect to be undersized : If he were to randomly select 120 corks from the next box, then how many of these corks would John expect to be undersized?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Interest payable semiannually problem

Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include:

  What is sam basis in the moore stock

Barbara transfers $10,000 cash and machinery having a $!5,000 basis and a $35,000 FMV to Moore Corp. in exchange for 50 shares of Moore stock.

  Straight line-doubling declining and production methods

Classic Ions, nc. purchased manufacturing equipment with an expected useful life of five years or 5,000 hours of usage. The equipment was purchased on Janruary 1, 2008, for $460,000.

  How much inventory can baker purchase

How much inventory can Baker purchase without violating its debt agreement if their total current assets equal $15 million.

  Discuss the inherit risks related to sampling methods

Discuss the inherit risks related to sampling methods and how the risk of audit sampling can be minimized by the auditing team.

  What is the maximum amount of debt on which he can deduct

David, a single taxpayer, took out a mortgage on his home for $300,000 nine years ago

  Determine foreign exchange transaction

Post Inc, had a receivable from a foregn customer that is payable in customer's loca currency. On Dec 31, 2009, Post correctly included this receivable for 200,000 local currency units

  Preparing correcting entries for springer company

Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the company accounts:

  What are the major classifications of inventory

What are the major classifications of inventory? Why would someone choose to use a perpetual over a period inventory system, or vice versa?

  Audit of the clients financial statements

On April 3, 2001, the client asked the CPA to audit the client's financial statements for the year ended December 31, 2001. Is the CPA considered independent with respect to the audit of the client's December 31, 2001, financial statements?

  Equivalent units for conversion costs

Equivalent units for materials total 20,000. There were 16,000 units completed and transferred out. Equivalent units for conversion costs equals 18,000. How much are the physical units for conversion costs if ending work in process is 50% complete..

  What is a firm weighted-average cost of capital

What is a firm's weighted-average cost of capital if the stock has a beta of 1.45. Treasury bills yield 5%, and market portfolio offers an expected return of 14%? In addition to equity, the firm finances 30% of its assets with debt that has a yiel..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd