Accounting-7798793

Accounting-7798793 - RECEIVABLE.16.16 ACCUMULATED...

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23. The following accounts are denominated in pesos as of December 31, 2011. For reporting purposes, these amounts need to be stated in U.S. dollars. For each balance, include the exchange rate that would be used if a transaction is made under the current rate method. Then, again for each account, provide the exchange rate that would be necessary if a remeasurment is being made using the temporal method. The company was stared in 2000. The buildings were acquired in 2002 and the patents in 2003. TRANSLATION REMEASURMENT ACCOUNTS PAYABLE .16 .16 ACCOUNTS
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Unformatted text preview: RECEIVABLE .16 .16 ACCUMULATED DEPRECATION .26 .16 ADVERTISING EXPENSE (PATENTS) .25 .16 BUILDING .26 .16 CASH .28 .16 COMMON STOCK .16 .16 DEPRECATION EXPENSE .16 .16 DIVIDENDS PAID (10/1/11) .20 .20 NOTES PAYABLE- DUE IN 2014 .19 .19 PATENTS (NET) .25 .16 SALARY EXPENSE .19 .19 SALES .19 .19 Exchange rates for 1 peso are as follows: 2000 1 Peso = $$0.28 2002 1 = 0.26 2003 1= 0.25 January 1, 2011 1 = 0.24 April 1, 2011 1 = 0.23 July 1, 2011 1 = 0.22 October 1, 2011 1= 0.20 December 31, 2011 1 = 0.16 Average for 2011 1 = 0.19...
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