Your business subsidiary in Brunei reports their financial information with their local currency (Brunei Dollar)(BND). The information is reported in Table 1. Translate the financial information of your Brunei subsidiary using the Current/Non-Current method, and Monetary / Non-Monetary Method. The Current/Spot Rate is BND 1 equal to MYR 3. The historical rate is BND 1 equal to MYR 3.5 Table 1 Financial Information from Subsidiary in Brunei Cash $2,500 Deposit in Bank $1,050 Inventory $5,000 Account Receivables $3,500 Building $51,000 Equipment $38,000 Intangible Assets $10,300 Account Payable $4,800 Short-term Bank Loans $15,000 Long Term Debt $56,000 Sales $70,000 COGS $78,321
Your business subsidiary in Brunei reports their financial information with their local currency (Brunei Dollar)(BND). The information is reported in Table 1. Translate the financial information of your Brunei subsidiary using the Current/Non-Current method, and Monetary / Non-Monetary Method. The Current/Spot Rate is BND 1 equal to MYR 3. The historical rate is BND 1 equal to MYR 3.5 Table 1 Financial Information from Subsidiary in Brunei Cash $2,500 Deposit in Bank $1,050 Inventory $5,000 Account Receivables $3,500 Building $51,000 Equipment $38,000 Intangible Assets $10,300 Account Payable $4,800 Short-term Bank Loans $15,000 Long Term Debt $56,000 Sales $70,000 COGS $78,321
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Your business subsidiary in Brunei reports their financial information with their local currency (Brunei Dollar)(BND). The information is reported in Table 1. Translate the financial information of your Brunei subsidiary using the Current/Non-Current method, and Monetary / Non-Monetary Method. The Current/Spot Rate is BND 1 equal to MYR 3. The historical rate is BND 1 equal to MYR 3.5
Table 1 Financial Information from Subsidiary in Brunei
|
Cash |
$2,500 |
|
Deposit in Bank |
$1,050 |
|
Inventory |
$5,000 |
|
Account Receivables |
$3,500 |
|
Building |
$51,000 |
|
Equipment |
$38,000 |
|
Intangible Assets |
$10,300 |
|
Account Payable |
$4,800 |
|
Short-term Bank Loans |
$15,000 |
|
Long Term Debt |
$56,000 |
|
Sales |
$70,000 |
|
COGS |
$78,321 |
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