Chapter11CF8e - E11-16A b X7 debit to inventory = $47,400...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 11 CHECK FIGURES BAKER LEMBKE KING JEFFREY Advanced Financial Accounting, Eighth Edition E11-2 (c) Foreign currency transaction loss = ($5) E11-6 b. June 20 Foreign Currency Transaction Loss = ($600) E11-7 b. Jan. 15, 20X2, credit to Foreign Currency Units = $10,200 E11-8 f. Overall gain = $23,400 E11-10 b. Net effect on income = $700 E11-12 c. Net foreign currency transaction gain = $4,000 E11-13 b Net effect using forward contract = ($600) loss E11-15 c. Overall gain on transaction = $550
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: E11-16A b. January 30, 20X7, debit to inventory = $47,400 E11-18 b. Combined net loss of ($15,000) in 20X1 and 20X2 P11-21 1. July 3 credit to Foreign Currency Transaction Gain = $36 P11-23A b. January 30, 20X2, debit to Inventory = $61,200 P11-24 Part I, b. Foreign Currency Transaction Gain for 20X5 = $100 P11-28B b. December 31, 20X1, adjusting entry credit to Other Comprehansive Income - $10,000 P11-31 Transaction 3, Foreign Currency Exchange Gain = $1,000...
View Full Document

Ask a homework question - tutors are online