Question: What rate of exchange would be used to translate purchases
What rate of exchange would be used to translate purchases into a presentation currency?
Answer to relevant QuestionsXYZ, a Canadian company, has a subsidiary located in Europe that owns land. The land was purchased on January 1 for €1 million when the euro to Canadian dollar direct rate was $1. On December 31, it is ...On January 1, 2013, Polaris acquired all the share capital of Gordon for U.S. $249,800. Polaris has a functional currency of the Canadian dollar and Gordon has the U.S. dollar as the functional currency. At this date, ...On January 1, 2011, Vair, a Canadian company, acquired all the shares of Logan, a company in Brazil, at which date the equity and liability sections of Logan's statement of financial position showed the following balances in ...Global Touch Corporation (GTC) is one of Canada's largest public companies. GTC provides end users with networking capabilities through its system of copper and coaxial cable lines. GTC operates in Canada through a variety ...How would a not-for-profit organization determine whether it controls another not-for-profit organization?
Post your question