Question 12-6

Using the information in Problem 12-5, complete the following requirements. REQUIRED a) Prepare a worksheet to restate the adjusted that balance of Blue Jay Company into U.S. dollars on December 31, 19X4, assuming that the French franc is the functional currency of Blue Jay. b) Using the resonated dollar amounts in the worksheet, prepare the income statement, statement of retained and balance sheet for Blue Jay Company as of December 31, 19X4. Using the information in Problem 12-5, complete the following requirements. REQUIRED a) Prepare a worksheet to restate the adjusted that balance of Blue Jay Company into U.S. dollars on December 31, 19X4, assuming that the French franc is the functional currency of Blue Jay. b) Using the resonated dollar amounts in the worksheet, prepare the income statement, statement of retained and balance sheet for Blue Jay Company as of December 31, 19X4