Mexican Peso Finanicial Statements
Assests:
Non Curent Assets	$ 35,000,000.00
Current Assests	$ 5,000,000.00
Total Assests	$ 40,000,000.00
Equity	$ 25,000,000.00
Non Current Liabilities	$ 12,000,000.00
Current Liabilities	$ 3,000,000.00
Total Equity and Liabilities	$ 40,000,000.00
Current Rate : 1 Peso	0.057
Rate on issue of Equity: 1 Peso	0.045
Rate on acquisition of Non-Current Assests: 1 Peso	0.046
Rate on acquisition of Non-Current Liabilities: 1 Peso	0.048
Using Temperal Method
Assests:
Non Curent Assets	$ 1,610,000.00
Current Assests	$ 285,000.00
Total Assests	$ 1,895,000.00
Equity	$ 1,125,000.00
Non Current Liabilities	$ 576,000.00
Cumulative Translation Adjustment
Current Liabilities	$ 171,000.00
Total Equity and Liabilities

how to figure cumulative translation adjustment

Answer rating: 100% (QA)

Solution The cumulative translation adjustment represents the difference between the original cost o... View the full answer