EXERCISE 11 FA09

EXERCISE 11 FA09 - EXERCISE 11-1 (1) Translated trial...

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EXERCISE 11-1 (1) Translated trial balance: Balance in Exchange Translated Debit (Credit) FC Rate into U.S.$ Current Assets. ............................................. 140,000 FC $1.28 $179,200 Equipment. ................................................... 400,000 1.28 512,000 Accumulated Depreciation—Equipment. ...... (80,000) 1.28 (102,400) Land and Building. ........................................ 665,000 1.28 851,200 Accumulated Depreciation—Building. ........... (20,000) 1.28 (25,600) Current Liabilities. ......................................... (180,000) 1.28 (230,400) Noncurrent Notes Payable. ........................... (300,000) 1.28 (384,000) Common Stock. ............................................ (500,000) 1.25 (625,000) Retained Earnings. ....................................... (60,000) Note A (77,600) Sales Revenue. ............................................ (185,000) 1.32 (244,200) Cost of Sales. ............................................... 90,000 1.32 118,800 Operating Expenses. .................................... 30,000
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This note was uploaded on 03/30/2011 for the course ACT 4491 taught by Professor Magrath during the Spring '11 term at Troy.

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EXERCISE 11 FA09 - EXERCISE 11-1 (1) Translated trial...

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