Reference no: EM133465223
Problem
Read and review the selected case study from the required text, and answer the analysis questions.
After reviewing the background section of the Columbia Corporation in your textbook, provide answers to the following questions:
Translate Swoboda's financial statements into U.S. dollars in accordance with U.S. GAAP at December 31, Year 2:
I. Assuming the Polish zloty is the functional currency. (The December 31, Year 1, retained earnings that appeared in Swoboda's translated financial statements was $56,250. The December 31, Year 1, cumulative translation adjustment that appeared in Swoboda's translated balance sheet was negative $506,250.)
II. Assuming the U.S. dollar is the functional currency. (The December 31, Year 1, retained earnings that appeared in Swoboda's remeasured financial statements was $882,500.)
III. The same as (1) except Swoboda has no long-term debt. Instead, Swoboda has common stock of PLN 10,000,000 and additional paid-in capital of PLN 25,000,000. The December 31, Year 1, retained earnings that appeared in Swoboda's remeasured financial statements was negative $367,500.
IV. Explain why the sign of the translation adjustments in (I), (II), and (III) is positive or negative.
From: Doupnik, T., & Perera, H. (2014). International accounting (4th ed.) (p. 22). New York, NY: McGraw-Hill Education.
|
Freedom of information act
: In your opinion, is the Freedom of Information Act a necessary component to maintaining an open government?
|
|
Who has placed microchips under his own skin
: Sajid is a biohacker who has placed microchips under his own skin, and that of some of his friends, to allow them to transmit data from their bodies
|
|
Distinctions between public relations-advertising-marketing
: Traditional distinctions between public relations, advertising, and marketing, and explain how those distinctions have changed in recent decades.
|
|
Can violation of human rights
: Can violation of human rights (for instance right to life) due to climate change be addressed properly
|
|
Explain why the sign of the translation adjustments
: Assuming the Polish zloty is the functional currency. Explain why the sign of the translation adjustments in (I), (II), and (III) is positive or negative.
|
|
Discuss how that experience affected
: Describe an experience, event, or personal interaction from which you learned something new about another cultural or ethnic group
|
|
Second chance act
: What are some of the barriers to successful reintegration that inmates face and that the Second Chance Act attempts to help?
|
|
Which zappos leadership has fostered a culture of ethics
: Analyze the manner in which Zappos's leadership has fostered a culture of ethics in the company. - Determine the major impacts that Zappos's leadership
|
|
Describe daniel harrington in his interpreting old testament
: Using the allegorical and moral (tropological) senses of scripture or literary analysis and form criticism, analyze one of these passages from Old Testament.
|