Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

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Answer 1

Question

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

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Answer 2

Question

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

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Answer 3

Question

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

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Answer 4

Question

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

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Answer 5

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

Answer 6

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

Answer 7

Chapter 8, Problem 2DYS

a.

To determine

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

Answer 8

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

Answer 9

b.

To determine

Determine whether the company’s foreign operations have a predominant functional currency.

Answer 10

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

Answer 11

c.

To determine

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years. Compare the relative magnitude of these translation adjustments for the two companies.

Answer 12

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

Answer 13

d.

To determine

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8 - Prob. 1Q Ch. 8 - 2. What causes balance sheet (or translation)...Ch. 8 - Prob. 3Q Ch. 8 - Prob. 4Q Ch. 8 - Prob. 5Q Ch. 8 - Prob. 6Q Ch. 8 - Prob. 7Q Ch. 8 - Prob. 8Q Ch. 8 - Prob. 9Q Ch. 8 - Prob. 10Q

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

Identify the location(s) in the annual report that provides disclosures related to foreign currency translation and foreign currency hedging.

Determine whether the company’s foreign operations have a predominant functional currency.

Determine whether each company hedges net investments in foreign operations. If so, determine the type(s) of hedging instrument used.

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