translation of foreign currency financial statements

Project Description:

watson company has a subsidiary in the country of alonza where the local currency unit is the kamel (km). on december 31, 2012, the subsidiary has the following balance sheet:

cash km 16,000 notes payable (due 2012) km 19,000 inventory 10,000 common stock 20,000
land 4,000 retained earnings 10,000
building 40,000
accumulated depreciation (21,000)
km 49,000 km 49,000

the subsidiary acquired the inventory on august 1, 2012, and the land and buildings in 2000. it issued the common stock in 1998. during 2013, the following transactions took place:

2013
feb 1 paid 5,000 km on the note payable.
may 1 sold entire inventory for 15,000 km on account.
june 1 sold land for 5,000 km cash.
aug 1 collected all accounts receivable.
sept 1 signed long-term note to receive 6,000 km cash.
oct 1 bought inventory for 12,000 km cash.
nov 1 bought land for 4,000 km on account.
dec 1 paid 3,000 km cash dividend to parent.
dec 31 recorded depreciation for the entire year of 2,000 km.

the exchange rates for 1 km are as follows:
1998 1 km = $ 0.24
2000 1 = 0.21
august 1, 2012 1 = 0.31
december 31, 2012 1 = 0.32
february 1, 2013 1 = 0.33
may 1, 2013 1 = 0.34
june 1, 2013 1 = 0.35
august 1, 2013 1 = 0.37
september 1, 2013 1 = 0.38
october 1, 2013 1 = 0.39
november 1, 2013 1 = 0.40
december 1, 2013 1 = 0.41
december 31, 2013 1 = 0.42
average for 2013 1 = 0.37 (

a) if this is a translation, what is the translation adjustment determined solely for 2013?

(b) if this is a remeasurement, what is the remeasurement gain or loss determined solely for 2013?
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