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Shanghai Corporation, the Chinese affiliate of a U.S manufacturer, has the balance sheet Q9. shown below: Assets CYN Liabilities and Stockholders' Equity CYN 23,000 29,000 36,000 Cash 7,000 Accounts Payable Accounts Receivable 16,000 Long- Term Debt Inventories Fixed Assets net 24,000 Stockholders' Equity 41.000 88.000 Total Liabilities and Stockholders' Equity Total Assets 88,000 The current exchange rate is S0.3 = CYN1. Required: a) If of the Chinese Yuan depreciated, what would be the translation effects under temporal method?

Shanghai Corporation, the Chinese affiliate of a U.S manufacturer, has the balance sheet Q9. shown below: Assets CYN Liabilities and Stockholders' Equity CYN 23,000 29,000 36,000 Cash 7,000 Accounts Payable Accounts Receivable 16,000 Long- Term Debt Inventories Fixed Assets net 24,000 Stockholders' Equity 41.000 88.000 Total Liabilities and Stockholders' Equity Total Assets 88,000 The current exchange rate is S0.3 = CYN1. Required: a) If of the Chinese Yuan depreciated, what would be the translation effects under temporal method?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Q9. shown below: Shanghai Corporation, the Chinese affiliate of a U.S manufacturer, has the balance sheet Assets CYN Liabilities and Stockholders' Equity CYN 23,000 29,000 36,000 Cash 7,000 Accounts Payable Accounts Receivable 16,000 Long- Term Debt Inventories Fixed Assets net 24,000 Stockholders' Equity 41.000 88.000 Total Liabilities and Stockholders' Equity Total Assets 88,000 The current exchange rate is S0.3 = CYN1. Required: 24 a) If of the Chinese Yuan depreciated, what would be the translation effects under temporal method?
Transcribed Image Text:Q9. shown below: Shanghai Corporation, the Chinese affiliate of a U.S manufacturer, has the balance sheet Assets CYN Liabilities and Stockholders' Equity CYN 23,000 29,000 36,000 Cash 7,000 Accounts Payable Accounts Receivable 16,000 Long- Term Debt Inventories Fixed Assets net 24,000 Stockholders' Equity 41.000 88.000 Total Liabilities and Stockholders' Equity Total Assets 88,000 The current exchange rate is S0.3 = CYN1. Required: 24 a) If of the Chinese Yuan depreciated, what would be the translation effects under temporal method?
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