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What is the concept of current rate method of translation and temporal method of translation? How does balance sheet exposure differ under these two methods?The 2010 financial statement of Child Co. Inc (Mexico), a subsidiary of Parent Co. Inc (United States), reveals the following information:Beginning Inventory Peso 100,000Purchases Peso 500,000Ending Inventory Peso 150,000COGS Peso 450,000US dollar exchange rate for 1 Peso:January 1, 2010$0.45Average, 2010 $0.42December 31, 2010 $0.38The beginning inventory was acquired when the exchange rate was $0.50 last quarter of 2009; ending inventory was acquired when the exchange rate was $0.40 last quarter of 2010.Report amounts of ending inventory and cost of goods sold to be included in the consolidated financial statements under (1) Current rate method and (2) Temporal method.
Brandywine Homecare, a not-for-profit business, had revenues of 12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was 1.5 million.
at the beginning of the year a companys current ratio is 2.2. at the end of the year the company has a current ratio of
Management wishes to maintain a minimum cash balance of $8,000. Complete the basic cash budget for the month of January.
during its first year of operations cupola fan corporation issued 30000 of 1 par class b shares for 385000 on june 30
berts meat market sells quarters and sides of beef on the installment basis.losses on receivables are very difficult to
Until recently, governments were not permitted to recognize increases in the value of investments as revenue. What arguments might you present in support of the current position that investments.
over the past few years microsoft founder bill gatess net worth has fluctuated between 20 billion and 130 billion. in
stock dividend is 25 of shares of stock outstanding 30000 market value balance sheet cash 145000 fixed assets
On January 1, 2007, Sloane Co. purchased 25% of Orr Corp.'s common stock; no goodwill resulted from the purchase. Sloane appropriately carries this investment at equity and the balance in Sloane's investment account was $720,000 at December 31, 20..
the toque cooking academy runs short cooking courses at its small campus. management has identified two cost drivers
which of the following would be least likely to be used as a means of allocating profits among partners who are active
hinshaw company purchased a new machine on october 1 2014 at a cost of 87200. the company estimated that the machine
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