Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic...

  

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Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally-though with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B40.00/$ April 1 exchange rate, after 25% devaluation. B30.00/$ this rate. March 31 exchange rate, before 25% devaluation. All inventory was acquired at B21.00/$ Historic exchange rate at which plant and equipment were acquired. 1 what is the amount of Using the translated balance sheet under the current rate method, translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.) Assets Bangkok Instruments, Ltd. Balance Sheet, March 1 Liabilities & Net Worth D Cash B24,000,000 Accounts payable Accounts receivable 35,000,000 Bank loans Inventory 50,000,000 Common stock Net plant & equipment 59,000,000 B168,000,000 Retained earnings B18,000,000 61,000,000 18,000,000 71,000,000 B168,000,000 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Bangkok Instruments, Ltd.(A). Bangkok Instruments, Ltd., the Thai subsidiary of a U.S. corporation, is a seismic instrument manufacturer. Bangkok Instruments manufactures the instruments primarily for the oil and gas industry globally-though with recent commodity price increases of all kinds including copper, its business has begun to grow rapidly. Sales are primarily to multinational companies based in the United States and Europe. Bangkok Instruments' balance sheet in thousands of Thai bahts (B) as of March 31 is shown in the popup window: Exchange rates for translating Bangkok Instruments' balance sheet into U.S. dollars are: B40.00/$ April 1 exchange rate, after 25% devaluation. B30.00/$ this rate. March 31 exchange rate, before 25% devaluation. All inventory was acquired at B21.00/$ Historic exchange rate at which plant and equipment were acquired. 1 what is the amount of Using the translated balance sheet under the current rate method, translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.) Assets Bangkok Instruments, Ltd. Balance Sheet, March 1 Liabilities & Net Worth D Cash B24,000,000 Accounts payable Accounts receivable 35,000,000 Bank loans Inventory 50,000,000 Common stock Net plant & equipment 59,000,000 B168,000,000 Retained earnings B18,000,000 61,000,000 18,000,000 71,000,000 B168,000,000 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet.