Question 4 Segment ReportingGold Digger Ltd is a company engaged in upstream and downstream goldoperations. It has five geographical areas. All amounts are in US$ billions. Minusfigures indicate losses.South Africa Canada Australia Tanzania US Indonesia TotalRevenue 22102432104102Profit/(loss) 3.2-0.547-1.3 -0.312.1Assets 341228402012146Required:(a)Determine reportable segments (show your calculations).(b) Justify your answer.

(b) Justification:Materiality: South Africa, Australia, and Tanzania meet at least one of the three…

Answered: Question 4 Segment Reporting Gold…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 26PC

See similar textbooks

Similar questions

39-An MNC from the US has Accounts Receivable of US$ 360,000, Accounts Payable US$ 188,000. The total amount of US$ 140,000 is shown as borrowed money. The current spot rate is US$2.5000/OMR. Which one of the following is the net exposed assets in terms of OMR? O a. Net exposed assets in OMR 12,800 O b. Net exposed assets in OMR 144,000 O c. Net exposed assets in OMR 56,000 O d. None of the options
To be a reportable segment, the segment profit or loss should be at least what amount?
Ganado Europe (B). Using facts in the chapter for Ganado Europe, assume that the exchange rate on January 2, 2016, in Exhibit 11.6 dropped in value from $1.2000/€ to $0.9000/€. Recalculate Ganado Europe's translated balance sheet for January 2, 2016, with the new exchange rate using the temporal rate method as shown in the popup window, a. What is the amount of translation gain or loss? b. Where should it appear in the financial statements? c. Why does the translation loss or gain under the temporal method differ from the loss or gain under the current rate method? a. What is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.)
Dog
Ganado Europe (A). Using facts in the chapter for Ganado Europe, assume the exchange rate on January 2, 2016, in Exhibit 11.5 dropped in value from $1.2000/€ to $0.9000/€. Recalculate Ganado Europe's translated balance sheet for January 2, 2016, with the new exchange rate using the current rate method as shown in the popup window, E a. What is the amount of translation gain or loss? b. Where should it appear a the financial statements? a. What is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.)
Nutrien Ltd.-the world's largest potash producer-is a Canadian corporation based in Saskatoon, Saskatchewan. The following is information taken from its financial statements reported in $US but prepared in accordance with IFRS. Accumulated Other Comprehensive (Loss) Income ("AOCI") Net Actuarial Loss on Total Net Fair Gain on Currency Accumulated Value Defined Translation Other Share Contributed Loss on Benefit of Foreign Comprehensive Retained Total Earnings Equity $6,242 $8,303 (1) 15,904 3,573 (In millions of dollars) Capital $1,806 15,898 Surplus Investments Plans Operations Other $(2) $(46) Income Balance-December 31, 2017 Merger impact (Notes 3 and 11) Net earnings Other comprehensive (loss) income Share repurchased (Note 24) Dividends declared $230 $73 $25 3,573 (302) (831) (1,852) (1,273) (1,273) (99) 54 (249) (8) (302) (998) (23) Effect of share-based compensation including issuance of common shares Transfer of net actuarial gain on defined benefit plans Transfer of net loss…
7
A3
Problems 26-30 assume that a U.S.-based company is issuing securities to foreign investors who require financial statements prepared in accordance with IFRS. Thus, adjustments to convert from U.S. GAAP to IFRS must be made. Ignore income taxes for each problem.Trecek Corporation incurs research and development costs of $650,000 in 2017, 30 percent of which relate to development activities subsequent to IAS 36 criteria having been met that indicate an intangible asset has been created. The newly developed product is brought to market in January 2018 and is expected to generate sales revenue for 10 years.a. Determine the appropriate accounting for research and development costs for the years ending December 31, 2017, and December 31, 2018, under (1) U.S. GAAP and (2) IFRS.b. Prepare the entry(ies) that Trecek would make on the December 31, 2017, and December 31, 2018, conversion worksheets to convert U.S. GAAP balances to IFRS.
AMg eru w Question The economy records the following transactions: . Imports of goods and services: $1569 billion Exports of goods and services: $1152 billion . Interest paid to the rest of the world: $500 billion Interest received from the rest of the world: $400 billion . US official reserves, -$10 billion Net Transfers: -$81 billion Investment in US from foreigners: $1440 . US investment abroad: $860 a. Calculate the Current Account balance, the Financial Account (Capital ACcount) balance: (No Dollar symbols) CA Balance: (hint: answer is negative) FA Balance: b. What is the statistical discrepancy? c. Is this country an 'Importer' or 'Exporter' of goods and services?
Question 1 ABC Corp. is a domestic corporation. It sold goods to XYZ Corp., a PEZA-registered export enterprise based in Cavite Economic Zone. ABC Corp. billed XYZ Corp. Php 1,000,000 upon delivery to XYZ Corp. XYZ Corp. paid Php 1,000,000. Subsequently, XYZ Corp. exported the goods to GHI Corp. based in the United States. The sale by ABC Corp. is: Group of answer choices a. Subject to 12% VAT b. Subject to 0% VAT c. VAT-exempt d. Subject to percentage tax
Question 5LH Sdn. Bhd. recognizes that its year-to-year hedging strategy hedges the risk only over a given year and does not insulate it from long-term trends in the Canadian dollar’s value. It has considered establishing a subsidiary in Canada. The goods would be sent from Malaysia to the Canadian subsidiary and distributed by the subsidiary. The proceed received would be reinvested by the Canadian subsidiary in Canada. In this way, LH Sdn. Bhd. would not have to convert Canadian dollars to Ringgit each year. Has LH Sdn. Bhd. eliminated its exposure to exchange rate risk by using this strategy? Explain.

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Reporting, Financial Statement Analysis…

Finance

ISBN:

9781285190907

Author:

James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:

Cengage Learning

International Financial Management

Finance

ISBN:

9780357130698

Author:

Madura

Publisher:

Cengage

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Financial Reporting, Financial Statement Analysis…

Finance

ISBN:

9781285190907

Author:

James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:

Cengage Learning

International Financial Management

Finance

ISBN:

9780357130698

Author:

Madura

Publisher:

Cengage

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

SEE MORE TEXTBOOKS