Question: Problem 1 0 - 3 7 ( Static ) ( LO 1 0 - 1 , 1 0 - 3 , 1 0 - 4
Problem StaticLO when the exchange rale for the Crech konuse MBri was $ Rabone's financles statements as of Oecember foo yedrs latec, follows:
tableMsetsackenets prociusble isptECs aten,fiventery,deslonentee eseLespr Acomalated depreciatian,eSuttitiogstableLessil Accumatated depreciationLandSaes, Tetal asmets,Accounts peratole,tableLenyters spotComese SEsc ape, indAstitional paldin capital, ere, eseenMetained earmingi,
tableSalesKEs pt etCost of ds sold,e eewDrpreciatios expenieaqipeent,spe, eveDepreciation expenipballaings,e eeeBesearch and develognent expense, eeetableather expenses fincluding thoviNet incomePivil Mrtained ebraings, SetatheLess: Dividenoh, Aetoined earningh, Ks
Addritionst indermation
The January beginning ineentbry of KBs was acquined on Deoember B when the exchange rate was Purchases of imentory were acoulred unformily during The December ending invertiory of Kils is eachasge rate was and Ks in buldings aceured on March when the exchange rabe was $ Suighiline depreciation is years for equipmest and yeass for bulldingh. fill year's depreciation is laken in the year of acpuistion.
Oividends weve decleved and paid on Decpmber when the ewchange rabe was $
Other exchange rates for Kls follow
Janubry
Weighted average rate for
December
Be
beds
e ela
Aequiled:
Tranilate the Caech korusa financial statements on December in Pre folowing Ereve sitiations:
a The Crech kovins is the functional cumency. The December US dollarfranalated balance sheet reported retained earnings of $ The December cumulative translation adjuntmest ans negative $diebe balance eamings fincluding s semeasurement pairf of $
c The US dollar is the functional cumency Rabona has no longterm debt insuad, it has common stock of Kis and bsiance in retained earnings of $including a nemessurement lenst.
Cempiete this question by entering peer ahswers in the tabs belew.
table
a The Crech koruna is the functional currency. The December US dollartranslated balance sheet reported retained
b The US doltar is the functional currency. The Decenber US dollarcemeasured balance sheet reported retained
eamings fincluding a remessurement pain of $
Nons
c The US dolar is the fanctional currency. Rakons has no longtere debt. instead, it has cemmon stock of KCs and asdaional paid in captal of KAs The Decnober TH US dollarremeasured balance sheet reported a negative balance in metained earrings of $ncluding a remeasurement loss
atbor
nill
Complete this queation by emtering your answers ie the tate helpes,
Cibunver
Aequined a
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tablehoome Siuhement.
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