All of the following statements are stated in Brazil reals (R$). Bralta Ltd. Statement of Financial Position June 30, 20X5 Cash Accounts receivable Inventories Machinery (net) Land and building (net) Additional information: Selected exchange rates: June 30, 20X4 June 30, 20X5 Average for 20X5 60,000 740,000 300,000 850,000 1.800.000 3.750.000 R$1=$0.5906 R$1$0.5623 R$1=$0.5744 Current liabilities Bonds payable Common shares Retained earnings Date of purchase of inventory on hand at year-end RS1-5.5688. Dividends were declared on June 30, 20X5 Opening inventory = R$130,000 Inventory purchases for the year R$1,570,000 Machinery, land, and buildings were purchased on June 30, 20X4 500,000 2,000,000 2,500,000 1,000,000 250.000 3.750.000 Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the balance of the total assets?

All of the following statements are stated in Brazil reals (R$). Bralta Ltd. Statement of Financial Position June 30, 20X5 Cash Accounts receivable Inventories Machinery (net) Land and building (net) Additional information: Selected exchange rates: June 30, 20X4 June 30, 20X5 Average for 20X5 60,000 740,000 300,000 850,000 1.800.000 3.750.000 R$1=$0.5906 R$1$0.5623 R$1=$0.5744 Current liabilities Bonds payable Common shares Retained earnings Date of purchase of inventory on hand at year-end RS1-5.5688. Dividends were declared on June 30, 20X5 Opening inventory = R$130,000 Inventory purchases for the year R$1,570,000 Machinery, land, and buildings were purchased on June 30, 20X4 500,000 2,000,000 2,500,000 1,000,000 250.000 3.750.000 Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the balance of the total assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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