ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
4th Edition
ISBN: 9781618533128
Author: Halsey
Publisher: Cambridge Business Publishers
Question
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Chapter 8, Problem 26E

a.

To determine

Translate the subsidiary's income statement, retained earnings statement, balance sheet,

into $US for both years and the statement of cash flows for the second year.

b.

To determine

Compute the ending Cumulative Translation Adjustment for the current year.

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Aduba manufacturing had 22,000 shares of common stock outstanding on January 1 and issued an additional 6,500 shares on July 1. There was no preferred stock outstanding. If Aduba reports earnings per share of $3.75 for the year ending December 31, how much is net income?
Accounting answer please
subjectn : Financial accounting
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