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Drupady [299]
3 years ago
11

Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2017. Selected account balances are available for t

he year ended December 31, 2018, and are stated in Euro, the local currency.
Euros
Sales 400,000
Inventory (bought on 2/1/18) 20,000
Equipment (bought on 1/1/17) 90,000
Dividends (paid on 9/1/18) 20,000
Accumulated depreciation, equipment (at 12/31/18) 45,000
Depreciation expense, equipment (for 2018) 9,000

Relevant exchange rates for 1 Euro are given below:
1/1/17 $.91
1/1/18 .93
2/1/18 .94
9/1/18 .97
12/31/18 1.01
4th quarter average, 2017 .90
4th quarter average, 2018 .98
Average, 2018 .95


Assume the functional currency is the U.S. Dollar; compute the U.S. balance sheet amount for accumulated depreciation for 2018.
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer:

Accumulated depreciation =$40,950

Explanation:

45,000 x .91 = $40,950

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Internal controls are designed to accomplish five objectives that include compliance with legal​ requirements, promote operation
Ira Lisetskai [31]

Answer:

<u>Ensure accurate reliable accounting records</u>

Explanation:

Internal controls refer to those processes and procedures employed by the management of an entity so as to ensure efficient operations and to keep a check on frauds and compliance with better reporting requirements.

For example, biometric system of recording employee attendance which keeps a check as in who is actually on payroll and elimination of any dummy entries from the records.

The purpose of internal control is to safeguard assets, ensure that employees adhere by company policies, compliance with the law, promote operational efficiency and ensure reliable financial reporting without misrepresentation of facts.

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3 years ago
For example, an increase in the money supply, areal variable, will cause the price level, anominal variable, to increase but wil
lord [1]

Answer:

The answer would be neutrality of money theory

Explanation:

The neutrality of money theory claims that changes in the money supply affect the prices of goods, services, and wages but not overall economic productivity. Many of today's economists believe the theory is still applicable, at least over the long run.

3 0
3 years ago
Political campaigns that operate at a local level and use face-to-face communication to generate interest and momentum by citize
marishachu [46]
<span>Grassroots politics is a political campaigns works the way it uses face to face communications by citizens to gain interest and momentum.</span>
5 0
3 years ago
Which of the following would be an effective approach for encouraging authentic feedback? A. Defend yourself if you disagree wit
sergey [27]

Answer:

C. Ask for feedback only when you are open to hearing it.

Explanation:

Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.

6 0
3 years ago
The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm
Nonamiya [84]

Answer:

The answer is "$4.311".

Explanation:

Calculating the EPS after the merger:

\text{Stultz Corp Post Merger Earnings} = 220,000 + 1,000,000 \\\\

                                                      = \$1,220,000

\to \text{Number of Shares Post Merger:} \\\\=\frac{99,000}{3} + 250,000\\\\ = 283,000\\\\\text{EPS Post Merger} =\frac{\text{Stultz Corp Post Merger Earnings}}{\text{Number of Shares Post Merger}} \\\\

                            = \frac{1,220,000}{283,000} \\\\= \$4.311

7 0
2 years ago
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