Reference no: EM133188044
Question - ABC US Inc. is operating within US territory wherein the functional currency US $. However, the presentation currency of the said bank Philippine Peso. The following financial position data for the year 2022 are provided:
Assets, 12/31/2022 $1,000
Liabilities, 12/31/2022 200
Ordinary shares, 12/31/2022 300
Share premium, 12/31/2022 100
Retained earnings, 1/1/2022 200
2022 net income 300
Dividends declared, 12/1/2022 100
The following additional data are provided:
All ordinary shares are issued on January 1, 2015.
The translated amount of retained earnings at Philippine Peso on December 31, 2021 is P8,000.
The following direct exchange rates are determined:
1/1/2015 P45
12/31/2021 42
12/1/2022 41
12/31/2022 43
Average rate for 2022 44
Required -
1. How much is the translated amount of total shareholders' equity, including the translation adjustment?
2. How much is the translated retained earnings as of December 31, 2022?
|
Calculate the dirty price of this transaction
: Calculate the accrued interest due to the seller from the buyer at settlement and Calculate the dirty price of this transaction
|
|
How much is the separate income of the home office
: During the year, shipments of merchandise at cost to the branch amounted to P135,000. How much is the separate income of the home office
|
|
Summarize the different strategic
: 1. Summarize the different strategic alternatives that Quintiles should consider and their pros and cons.
|
|
Develop a strategy for how the company will ensure
: You are the CSR manager at Fabulous Fits. The CEO has directed you to deal with this situation and to develop a strategy for how the company will ensure somethi
|
|
How much is the translated retained earnings as of december
: The translated amount of retained earnings at Philippine Peso on December 31, 2021 is P8,000. How much is the translated retained earnings as of December
|
|
Process of asset transformation performed by a financial
: Process of asset transformation performed by a financial institution? Why does this process often lead to the creation of interest rate risk
|
|
Determine the company resources and capabilities
: How can strategic alliances, joint ventures, and partnerships bolster a company's resources and capabilities? Why do they fail? How can they benefit companies d
|
|
Determine the ordinary share capital
: Rainy Corporation was authorized at the beginning of 2020 with 300,000 authorized shares of P100, Determine the Ordinary Share Capital
|
|
How much is to be included in the available input vat
: On December 2021, Jackie purchased a capital equipment for P1,600,000. It has a useful life of six years. How much is to be included in the available input VAT
|