User Account

All Pages

What is the exchange gain or loss

Assignment Help Accounting Basics
Reference no: EM132537003

Question - kuwait all logistics (kal) corporation, a kuwait based multinational, borrowed euros 10,000,000 from deutsche bank at the beginning of the calendar year when the exchange rate was eur 2.67 = 1kd before repaying this one year loan. KAL the KD depreciated to EUR 2.5 = 1kd. it also discover that it's Berlin subsidiary has an exposed net assets of euro 15,000,000 which will produce a translation gain upon consolidation. What is the exchange gain or loss that will be reported in consolidation income if:

1. The euro is the foreign operation's functional currency?

2. The kuwait dinar is the foreign operations functional currency?

Reference no: EM132537003

Questions Cloud

Describe the processes used in taking order : Describe the processes used in taking an order, filling the order, and receiving payment.
Discussing cardiac and pulmonary pediatric conditions : In this unit, you will be discussing cardiac and pulmonary pediatric conditions and the importance of collaboration. Select one of the topics below.
What is the amount of Cookes recognized gain or loss : What is the amount of Cooke's recognized gain or loss (if any) as a result of the contribution to the partnership in exchange for the partnership interest
How collaboration can lead to improved patient outcomes : Explain how multidisciplinary collaboration can affect clinical decision-making. Discuss how collaboration can lead to improved patient outcomes.
What is the exchange gain or loss : What is the exchange gain or loss that will be reported in consolidation income if: The kuwait dinar is the foreign operations functional currency
Describe the idea of discussing confidential information : Considering the Health Insurance Portability and Accountability Act (HIPPA), the idea of discussing confidential information with a patient in front of an.
Find and calculate the cost of goods manufactured : Quilt Company used a 120% predetermined overhead rate based on direct labour cost. By how much was manufacturing overhead cost under or over applied?
What amount of interest income should howe report : The present value of the lease payments at an imputed interest rate of 12%. What amount of interest income should Howe report for the year ended December
Summarize the key points of structural family therapy : Summarize the key points of both structural family therapy and strategic family therapy. Compare structural family therapy to strategic family therapy.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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