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C o n t a c t   D e t a i l
Project ID :
6801
Name:
NARSIM
Address:
City:
Bangalore             Pincode: 560036
State:
Karnataka            Country: India
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P r o j e c t / A s s i g n m e n t   D e t a i l
Title:
Finance and Accounting
Field:
Finance / Investment / Accounting
Category:
Accountant
  • Financial Planning
  • Skills Required:
    Finance & Accounting, Financial Reporting.
    Freelancer from:
    Anywhere
    Type of Work:
    . Job is Offsite and Work can be done from Anywhere.
    Remuneration Offered:
    Rs. 0-2000 Per Day. Duration 1 days

    More Details about Project

    Subject : Accounting

    Order type : Coursework

    Academic level : Bachelor

    Style : APA

    Language : English (U.S.)

    Pages : 2, Double spaced

    Sources : 2

    Complete the following assignment. Submit your responses in MSWord as one document. Label each section clearly. If you choose to use an Excel spreadsheet for question 2, please copy and paste your spreadsheet into your Word document. For written answers, please make sure your responses are well written, conform to CSU-Global guidelines for APA formatting, and have proper citations, if needed.

    1.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?

    2.The 2010 financial statement of Child Co. Inc (Mexico), a subsidiary of Parent Co. Inc (United States), reveals the following information:

    Beginning Inventory

    Peso 100,000



    Purchases

    Peso 500,000



    Ending Inventory

    Peso 150,000



    COGS

    Peso 450,000



    US dollar exchange rate for 1 Peso:



    January 1, 2010

    $0.45



    Average, 2010

    $0.42



    December 31, 2010

    $0.38



    The 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.

     
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