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4 years ago

All of the following stockholders' equity accounts of a foreign subsidiary are translated at historical exchange rates except:?

Business

1 answer:

Citrus2011 [14]4 years ago

8 0

Answer:

a.retained earnings.

Explanation:

All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.

Final Answer

a.retained earnings.

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On January 1, 2009 the accounts receivable and the allowance for doubtful accounts carried balances of $20,000 (debit) and $500

denis23 [38]

Answer:

The net realizable value of receivables appearing on the 2009 balance sheet is $14,250

Explanation:

First, we need to calculate the balance of account receivables

Ending balance = Beginning Balance + Credit sales - Cash collected - Bad debt written off

Where

Beginning Balance = $20,000

Credit sales = $100,000 x ( 100% - 30% ) = $70,000

Cash collected = $74,550

Bad Debt written off = $550

Placing values in the formula

Ending balance = $20,000 + $70,000 - $74,550 - $550 = $14,900

Now, we need to calculate the balance of allowance for doubtful accounts as follow

Ending Balance = Beginning balance + Bad debt Expense - Bad debt written off

Where

Beginning balance = 500

Bad debt expense = $70,000 x 1% = $700

Bad debt written off = $550

placing values in the formula

Ending Balance = $500 + $700 - $550 = $650

Now calculate the balance of realizable value of account receivables as follow

Net realizable value of receivables = Ending balance of receivables - Ending balance of allowance for doubtful accounts = $14,900 - $650 = $14,250

6 0

3 years ago

Emmy is the marketing director of a large marketing team, looking to reach an audience at scale through Smart Display campaigns.

Scilla [17]

Answer:

In addition to standard Google Ads reporting, it provides reports that facilitate broad, strategic ad management.

Explanation:

With the help of Smart Display campaign reporting, Emmy can reach to the larger number of customers even with a very less cost which is not possible with the traditional marketing campaigns. Emmy can get Google Ads reporting as well which can help her in better planning for the future campaigns, moreover giving her much deeper insights that will permit her to plan on a broader perspective like strategic management while saving the time. She can get a better and bigger picture in this case.

7 0

3 years ago

Darryl deposits $1,500 into a savings account that has a simple interest rate of 2. 7%. Lori deposits $1,400 into a savings acco

Ira Lisetskai [31]

Lori will make $27.00 more.
Step-by-step explanation:
The formula to calculate simple interest is
A = P(1+rt)
P = Principal amount
r = rate of interest ( in decimal )
t = time
First we calculate Darryl's deposit, so put the values in the formula
A = 1,500(1 + 0.027×10)
A = 1,500 ( 1+0.27 )
A = 1,500 × 1.27
A = $1905
Now we will calculate Lori's deposit
A = 1,400 ( 1 + 0.038 × 10 )
A = 1,400 ( 1 + 0.38 )
A = 1,400 × 1.38
A = $1,932
Lori will make money after 10 years = $1,932
Darryl will make money after 10 years = $1905
so Lori will make more than Darryl, the difference will be = 1,932 - 1,905 = $27
After 10 years Lori will have make $27.00 more in their account.

8 0

2 years ago

Orange Co. sells $1,000,000 of 10% bonds on August 1, 2019. The bonds pay interest on February 1 and August 1. The due date of t

gulaghasi [49]

Answer:

price of the bonds:

$1,000,000 / (1 + 6%)⁶ = $704,961

$50,000 x 4.9173 (PVIFA, 6%, 6 periods) = $245,865

August 1, 2019, bonds sold at a discount

Dr Cash 950,826

Dr Discount on bonds payable 49,174

Cr Bonds payable 1,000,000

Assuming straight amortization of discount = $49,174 / 6 = $8,195.67

February 1, 2020, first coupon payment

Dr Interest expense 58,196

Cr Cash 8,196

Cr Discount on bonds payable 50,000

August 1, 2020, second coupon payment

Dr Interest expense 58,195

Cr Cash 8,195

Cr Discount on bonds payable 50,000

October 1, 2020

Dr Bonds payable 200,000

Dr Interest expense 3,879

Dr Loss on redemption of bonds 24,667

Cr Cash 228,000

Cr Discount on bonds payable 546

6 0

3 years ago

When an artist wants to highlight the entire surface of his or her work, without regard for any particular area, this is called

Rzqust [24]

The answer that is being described above is the broad emphasis. This are used by other artists in which they used this method when they try to pin point about something and tries to express them in their artwork without any exact rule or part to place the artwork that is being done. It is mostly used to point out the entire artwork that the artist is trying top point out or give the message.

8 0

3 years ago