4-8-10 Notes - HR – Historical Rate Avg – Average...

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4/8/10 ADV ACCT Common stockholders Preferred stockholders A-L=OE 1 vote 1 div 2 residual returns 2 liquidation 3 absorb losses 3 4 preemptive right NI P s/h C s/h NI = 10,000 Div on preferred stock = $3,000 NI 3,000 P 40% P Co 60% NCI 7,000 C 80% P Co 20% NCI Foreign Currency Translation LC = FC Translate to the US. Use current rate method. LC not = FC Re-measure from local to functional then translate to US. Current Rate Method CR – Current Rate
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Unformatted text preview: HR – Historical Rate Avg – Average Exchange Rate B/S I/S SRE Assets - CR R - Avg B R/E - ? Liab - CR E - Avg NI - Avg OE – HR Div – HR (Rate at date declared) Temporal Method B/S I/S SRE Assets - Monetary - CR- Non monetary - HR R - Avg B R/E - ? Liab - Monetary - CR- Non monetary - HR E - D/E – HR- Non asset related - Avg NI - Avg OE – HR Div - HR (Rate at date declared)...
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This note was uploaded on 11/30/2010 for the course ACCT acct 4330 taught by Professor Gamble during the Spring '10 term at University of Houston.

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