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Illustrate the effect of temporal method

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Reference no: EM132818123

Assume that the German subsidiary of a US company has the following: (1) cash = 60ml EUR, 

(2) accounts receivable = 80ml EUR, 

(3) inventory = 140ml EUR, 

(4) fixed assets = 120ml EUR, 

(5) current liabilities = 50ml EUR, 

(6) long-term debt = 170ml EUR, and 

(7) net worth = 180ml EUR. 

Further assume that the historical exchange rate is $1.25 = EUR 1 , the current exchange rate is $1.10 = EUR 1, and inventory is carried at market prices. 

  1. Illustrate the effect of temporal method on the balance sheet keeping gains (losses) from translation separated.
  2. Illustrates the effect of current/noncurrent method on the balance sheet keeping gains (losses) from translation separated.
  3. Illustrates the effect of monetary/nonmonetary method on the balance sheet keeping gains (losses) from translation separated.
  4. Illustrates the effect of all current method on the balance sheet keeping gains (losses) from translation separated.

Reference no: EM132818123

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