Foreign Currency Translation Worksheet Student Version

Foreign Currency Translation Worksheet Student Version -...

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Worksheet British Schedule or Accounts Pounds Exchange Rate Sales (net) 640,000 Cost of goods sold (290,000) Expenses (100,000) Net income 250,000 Retained earnings - beg. 510,000 Given Net income 250,000 Dividends (80,000) Retained earnings - end. 680,000 Cash and receivables (net) 225,000 Inventories 230,000 705,000 Total assets 1,160,000 Current liabilities 70,000 Long-term liabilities 150,000 Common stock 260,000 Retained earnings 680,000 Sub-total equities 1,160,000 Translation adjustment - Other Comprehensive Income 0 See Sch. Below
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Unformatted text preview: Total equities 1,160,000 Schedule to Compute Cumulative Translation Gain or Loss Net assets - beg. of period 770,000 Net income 250,000 Dividends (80,000) Net assets - end of period before adjustment for current effects 940,000 Net assets - end of period after adjustment 940,000 Translation gain (loss) Cumulative translation gain (loss) at the beginning of the period Cumulative translation gain (loss) at the end of the period US Dollars 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0...
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This note was uploaded on 03/08/2012 for the course ACCT 401 taught by Professor Staff during the Summer '08 term at Texas A&M.

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Foreign Currency Translation Worksheet Student Version -...

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