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Darina [25.2K]
3 years ago
6

Panco, a U.S. entity, has a subsidiary, Sanco, located in a foreign country. Sanco's operations are concentrated in the country

in which it is located and are essentially independent of Panco. The economy of the foreign country is not highly inflationary. Which one of the following processes should Panco use to convert Sanco's financial statements to dollar-based statements for consolidation purposes? A. Translation.B. Remeasurement.C. Translation, and then remeasurementD. Remeasurement, and then translation.
Business
1 answer:
MakcuM [25]3 years ago
3 0

Answer:

A is the correct answer.

Explanation:

Financial accounting translation is a corporate accounting process. In this process, the parent company translates the financial statements of its entity in a foreign country into reporting currency. There are three methods of translation. It can be translated by the market rate on the reporting date, by weighted average exchange, and by historical exchange rates. After the translation of financial standards, the parent company should include these amounts into the consolidated income statements.

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Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl
OleMash [197]

The monthly depreciation will be $8000.

In accountancy, depreciation refers to two components of the equal idea: first, the real lower of fair fee of an asset, which include the lower in value of manufacturing unit gadget each year as it's far used .

Depreciation is used on a profits declaration for almost every enterprise. it is indexed as a cost, and so should be used every time an object is calculated for year-end tax purposes or to determine the validity of the item for liquidation purposes.

Annual depreciation is not taken into consideration as an asset because assets constitute something in order to produce financial cost to the organization during the last. And accumulated depreciation does now not produce the enterprise's financial fee as amassed depreciation itself shows the credit score stability.

Annual depreciation as per straight line method = ( 104,000 - $8,000) /10

Annual depreciation as per straight - line method = $96,000/10

Annual depreciation as per straight line method = $9600

∴ monthly depreciation as per straight line = $96000 * 1/12

                                                                       = $8000

Learn more about depreciation here:-brainly.com/question/1203926

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8 0
1 year ago
For each of the following items, decide whether it is a natural resource (N), human resource (H), or capital good (C). In the sp
Vaselesa [24]

Answer:

Natural resource - Land

Human resource - Labour

Capital good - Machine

Explanation:

An example of a natural resource is land, an example of human resource is labour, while an example of capital good is machine.

As industries continue to grow, the population in will continue to grow as well, either through increased migration or higher birth rate resulting from better economic fortunes. This population increase in population will put pressure on available resources of land, labour and machine. This will in turn cause a reduction in the rate of industrial expansion and growth, thereby slowing down economic activities. To respond to this, industries will have to make backward movement into the outskirts, where there is abundance in supply of factors of production (land, labour and machine).

8 0
3 years ago
What part of texas experiences the greatest average number of days with thunderstorms per year?
eduard
Maybe It is Dallas?????

3 0
3 years ago
The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume
tia_tia [17]

Answer:

Total actual utilisation = 1,710 unit

Explanation:

Given:

Design capacity = 1,900 units

Effective capacity = 90%

Actual output = 1,500 units

Total utilisation = ?

Computation of Actual unit utilise:

Total actual utilisation = Design capacity x Effective capacity

Total actual utilisation = 1,900 x 90%

Total actual utilisation = 1,900 x 0.9

Total actual utilisation = 1,710 unit

8 0
3 years ago
The study of how society chooses to employ resources to produce goods and services and to distribute them for consumption among
natali 33 [55]

Answer:

This statement is <u>FALSE.</u>

Explanation:

This statement is false. For demographics is defined as an area of ​​human sciences whose central objective is the study of a human population, according to statistics, dimensions, structures and distributions. The demographic study is carried out through several factors, such as sex, age, race, and others.

Through demographic data it is possible for governments and institutions to get to know in depth and analyze characteristics of a given population for different purposes, such as market research and policy development.

The definition proposed by the question corresponds to economics and not demographics.

7 0
4 years ago
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